ETH is currently hovering around $4,400–4,450. This follows a recent attempt to break above, but there hasn't been enough momentum yet.

• If we pull above $4,500 and hold, the way is open to $4,800–5,000.

• If we start to sell off, the nearest support is around $4,200–4,300.

• Overall, the picture appears to be that Ethereum is just gathering strength: either preparing to jump to a new high or will continue to move sideways for a bit.