The video analyzes Ethereum using technical analysis, focusing on daily charts and comparing it with ETHBTC and ETH dominance. It notes that the 200-day moving average is acting as a support, currently around $3374, aligning with a support area between $3374 and $4061. The analyst mentions a green trendline running through this support area. September is expected to be sideways. The analyst anticipates sideways movement to continue for a few weeks in ETHUSD, influenced by the ETHBTC and ETH dominance charts trending downwards. In ETHBTC, a corrective pullback is likely with a potential 3-wave move down. A violent breakout is expected upon triangle completion in the shorter term ETHUSD chart. The analyst is waiting for signs the low is in, a 5-wave move up on the micro scale.