Ethereum has a clear desire to go higher, but what hinders it is the lack of a bullish momentum from Bitcoin, which is attempting to attack the 112300 level and has failed to break through it for the first time during the ascent. Therefore, it may attempt again, and if it fails, it will drop to lower points to touch deep areas and supports like 108300 and below to accumulate financial liquidity, and attempt to surge upwards again as I mentioned in my post 3 days ago.
If Ethereum stabilizes at the current point of 4600 and closes the daily candle, this is a clear and positive indicator that it will surge to new highs exceeding 5000, provided that Bitcoin does not hinder it.
The best bullish opportunity is for Bitcoin to touch the lower support of 108300 while Ethereum remains at 4600, which will open the door for an increase.
