The video provides a technical analysis of ETHUSD, noting upward movements over the last few days from the October 10th low. The analysis suggests that the recent movements might not be impulsive, describing a potential three-wave up, three-wave down pattern, followed by a series of 1-2 setups, and then grinding higher. The analyst mentions that to keep the directly bullish impulsive wave structure, the price should ideally hold above $4056.60. The next main resistance level is targeted at $4400, the next upside breakout point. The analysis considers a micro support level at $4056.60 and a current testing of the $4101.32 level, also the 38.2% retracement. If it breaks below $4056.60, the analyst points to a broader wave 2 correction, mentioning support at $3633.11 to $3861.01. The analyst sees current price action as an indecision phase, the bulls are slightly winning with five waves up and three waves down. It looks like a three wave move down but needs to be confirmed. The analysis looks for the price to test again $4400 as a bullish perspective.