Like BTCUSD and much of the crypto market, ETHUSD is also in a strong uptrend. A correction began in March and concluded at the beginning of May.
After breaking out of the corrective falling wedge, the price rose again to the 4k zone, with a high likelihood of breaking above this important level at this moment
If this occurs, I expect Ethereum to reach a new all-time high around 5k or even higher. I remain bullish as long as the price stays above 3.5k.