Recently, the Ethereum market has shown exceptionally strong performance, and its momentum is astonishing. This crypto asset, after a brief period of consolidation, has formed a 5-minute central pivot and continues to maintain an upward trend. This pattern of consecutive 5-minute central pivots rising is rare in any financial market, and its strength is comparable to the daily chart performance of Kweichow Moutai in 2018.

From the perspective of the daily chart, Ethereum has risen from a bottom of $1400 to $2800, achieving a 100% increase. Subsequently, from May to July 2023, the market experienced about two months of sideways consolidation, with the price battling near $2800 multiple times, ultimately retreating to around $2100.

Based on historical rise patterns, we can make preliminary predictions about future trends. If this round of pump reaches at least a 100% increase, the price of Ethereum is expected to break through $4200. This means that the current 5-minute level rise trend may transform into a 1-hour level rise trend, reaching levels far above $4200 before this trend ends.

Further speculation suggests that if Ethereum enters the third wave pump at the daily chart level, even in extreme cases where it retraces to $3800 (assuming the current center expands to the 1-hour level), as long as the subsequent rise reaches 50% or more, its price is expected to climb to around $5700.

However, investors should bear in mind that the Crypto Assets market is highly volatile and carries significant risks. Although Ethereum is currently showing a strong trend, market conditions can change at any time. It is essential to conduct thorough research and risk assessment before making any investment decisions.