The analysis reviews Ethereum's daily timeframe, observing a potential ABC structure in wave 4, aiming for a 3170 to 3356 area. A lack of confirmation for wave 5's start suggests possible extensions towards the 3356 fib level or the trend channel's upper boundary. Absence of a five-wave decline indicates uncertainty, despite a break below micro support. The analyst notes a potential pathway to new highs, cautioning against premature top confirmation, especially considering Bitcoin's expected high. The analyst expects that the fifth wave will reach between 2626 and 2258 given that the price avoid a break above the resistance.