The analyst assesses Ethereum (ETH) versus both USDT and Bitcoin (BTC), with a nod to Bitcoin's general prospects. Currently, ETH trades near $3,000. The analysis uses historical patterns and comparisons to Tesla and Bitcoin's previous cycles to derive insights into potential future ETH price action. Regression analysis reveals a potential downside target of $2,100, particularly if ETH fails to maintain support at the $2,900 level. A bullish argument hinges on ETH mirroring a prior BTC cycle that initially fell to $2,900 before going to all time high, while a bearish take compares it to Tesla, a pattern of lower macro high and new macro lows. ETH's Bitcoin valuation (ETHBTC) finds key turning points, with a double bottom pattern possibly emerging in December. Near-term, ETH is believed to underperform BTC for next 3 weeks. The video outlines a few targets, especially watching if 2900 support of ETH to USDT will hold, if not it suggest a fall to the 2100 USD level.