The analysis focuses on Ethereum (ETHUSDT). Ethereum has experienced significant volume since early May, indicating strength. New all-time highs reaching almost $4900 have been achieved. Ethereum is respecting the uptrend on the 12-hour timeframe, maintaining strength relative to Bitcoin (ETHBTC). ETF inflows were also observed. The analysis suggests a likely retest of the 4400-4500 level. A high-volume bounce from this level could signal a continuation towards 5250. Consolidation may be necessary before further advancement, but a medium-term uptrend is expected.