Ethereum (ETH) has recently drawn widespread attention in the market due to its price movements. Since reaching $4060, ETH has shown a clear rising trend, forming a new bullish pattern. This trend stands in stark contrast to Bitcoin, highlighting the complexity of the current crypto assets market.

Analysis indicates that this rise of ETH may have several different development paths:

First, this could be a process of a top formation. Looking back at the trend of ETH in May, we can find a similar pattern, which reminds investors to stay vigilant.

Secondly, the current rise may just be the first wave in the five-wave theory. If this is the case, a larger scale surge may follow, bringing more upward space for ETH.

Finally, we cannot rule out the possibility that this is already the fifth wave, which means ETH may soon enter the top area.

In any case, the trend of ETH is worth following closely. Market participants should pay close attention to various technical indicators and fundamental factors to better predict the future direction of ETH. At the same time, it is also important to consider the dynamics of the overall crypto assets market, especially the performance of Bitcoin, as it often influences the sentiment of the entire market.

In this uncertain market environment, investors need to remain calm and rational, and develop investment strategies that suit their risk tolerance.