Yeliz Akmaca 
With the impact of institutional investors and ETF purchases, Ethereum continues to gain strength. All eyes are now on Ethereum. Market expectations point towards Ethereum reaching a new ATH (all-time high) and triggering a general surge in the altcoin market. After a long period of silence, Ethereum has gained over 100% in value in just two months.
Technical Analysis
On the daily chart, $ETH is strongly bullish, having decisively broken the critical $4,100 level over the weekend. Now, the only major resistance ahead is the ATH level. For $ETH, which continues its rise without testing the gained zones on the daily chart, the previous resistance at $4,100 has now become an important support. As long as daily closes stay above this level, no momentum loss is expected.
In case of a pullback, the first level to watch is $4,100. However, short-term dips to $3,940 might be seen intraday to shake out buyers entering at this level.
On lower timeframes
Looking at shorter timeframes, the price has not yet formed a new peak and has been limited to liquidity grabs only. Unless there is a 4-hour close above $4,333, it may seek to reclaim liquidity left below. The liquidity at the last confirmed peak of $4,142 remains open. With liquidity taken from this area, it may aim for a new higher peak.
As long as closes remain above $4,142, the positive outlook will be maintained, and the structure in lower timeframes will not be broken. If only liquidity grabs occur below this zone without breaking it, the target remains a new peak.
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