The analysis suggests Ethereum is currently in a fourth wave correction and anticipates a move higher in a wave five. A breakout point is noted between 4850 and 4950, above which the price needs to get for further upside. The main thesis is that this wave four will result in a wave five, leading to higher prices. Key support exists around 4050. If the price goes higher to 4660 or 4790 could end up forming a completed triangle then it will be expected for another move higher to a new all time high.