The analysis focuses on ETHUSD, noting that the price has been ranging between $4,850 and $3,374 for several weeks. A support area is identified between $3,374 and $4,061. A breakout line at $4,850 remains relevant, despite a brief push above it. The preferred interpretation suggests a potential move towards $5,800, potentially stretching to $6,000 for the fifth wave. Key support levels to watch for a breakdown are the green line around $4,050, and $3,374, which would suggest a top has formed. A smaller timeframe analysis indicates ranging with micro support between Fibonacci levels, with a promising reaction at the micro level. A decline looks like three waves, and bullish activity is still possible if the $4,389 support is sustained.