The analysis focuses on Ethereum's potential to replicate Bitcoin's 2021 bull run, highlighting an Ethereum versus Bitcoin fractal. It suggests Ethereum is in a re-accumulation phase, facing resistance around the 0.5 Fibonacci level. The analysis presents a conservative price target of $4,000. The analysis also mentions that if ETHUSD fails to hold 2300. the analysis will be invalidated. The analysis observes that the market is in a good momentum, so he says it is unlikely. Regarding ETHBTC chart it shows that ETH has created a higher low.