Thoughts on $ETH

Ether did update the ATH on Sunday with a new maximum of $4,957, and continues to show strength. I think we will soon see a full breakout above $5K.

Scenario 1: the area 4,464-4,309 can be used as a support zone to continue longs and break above 5K.

Scenario 2: also, if there is no reaction to the rise from the 4,464-4,309 zone, we will go to remove liquidity under the previous week's low of 4,060. This is also the area of intersection with the trendline, from where I will also expect a reaction to the rise$ETH

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