The analysis focuses on Ethereum (ETHUSD) using Elliott Wave Theory and Fibonacci retracement levels. The key support level to maintain a bullish scenario is $3374. A possible pullback may occur before further upward movement. According to smaller timeframe analysis, a circle wave 5 of a larger degree third wave is forming, potentially leading to a new high. The long-term upside target and strong resistance align with the all-time high at approximately $4850. Based on nano structure analysis of wave 4 WXY formation the C wave may require one more low. Holding the support at $3374-$4060 is critical. A break above the trend channel signals a formed low. Target $4907 - $5121.