The analysis suggests Ethereum is in a fifth wave to the upside on the daily timeframe. Holding above the green line is seen as helpful for maintaining a bullish stance. A potential target is breaking the all-time high of $4,850, marked by the yellow line. Selling pressure is noted in the current price region, but one more high remains potentially. The chart maintains that this is an ABC structure to the upside. The daily chart hasn't changed, indicating stability in the analysis.