The analysis examines Ethereum (ETHUSD) on a daily timeframe, noting its current range-bound behavior. Although Ethereum pushed to a new all-time high yesterday, there is pullback and bearish sentiment has returned. However, according to the presenter, there's no evidence of a major top forming, with support levels holding. The $4,100 level is identified as key structural support, previously resistance, and now acting as support. While a decisive break below $4,100 would signal weakness, a break below $3,374.74 would strongly suggest the completion of the fifth wave rally and that Ethereum has reached its top, as there is now the C wave. The presenter aims to reach to $5,815, and that can be considered a healthy fifth wave. The support zone is between 4345 and 4537, where the B wave should happen.