Ethereum is expected to rise in the near term

Ethereum is still moving in a general upward trend.

The cryptocurrency is currently undergoing a correction in the near term.

It has also reached good buying demand areas.

We are only expected to see a rise in the currency soon 

if it breaks the downtrend of the current corrective wave and closes above it.

The rise is expected to reach the targets shown on the chart,

which are located at the 4640 and 4910 levels, respectively.

The bullish outlook fails to break the demand areas

 and close below them with a full candle.