The analysis focuses on Ethereum (ETHUSDT). The current price of Ethereum is around 4364. Ethereum has been relatively weak over the course of the last 24 hours and has been able to hold the local range bottom of 4250. The markets looks quite good for a move to the upside. On Wednesday the Linia launch which is a layer two block chain for Ethereum. It is expected that the momentum for ETH will be outside of bullish momentum. On Thursday, the inflation rate data release is scheduled. If inflation rate data is higher than expected it would be bearish, if it is lower than expected it can provide bullish movement for Ethereum. Target is 4550 in bullish scenario. The analysis expects ETH to remain in a range between 4250 and 4550. The level that invalidates the analysis is 4220.