The video primarily discusses the technical analysis of Ethereum (ETH) and Cardano (ADA). Ethereum had broken its all-time high but experienced a pullback. The analyst suggests that ETH's price action is closely mirroring that of the previous cycle, highlighting market maker liquidations and advocating against using leverage. He draws parallels between ETH and ADA's charts, with ADA positioned 249% away from it's all time high. For Cardano, the analyst references an inverse head and shoulders pattern, currently testing the neckline at around $1. The overall market analysis is bullish, Ethereum's long term risk model displays 'hold' at 59, suggesting further upside is expected.