The analysis focuses on Ethereum's price action against both USD and BTC. The daily chart shows ETHUSD in a bullish trend with potential for further upside, especially after breaking above resistance and backtesting successfully. ETHBTC is also showing a bullish ascending channel pattern, with recent price action bouncing off the 50-level RSI support, suggesting further upward movement against Bitcoin. Historical patterns on both charts indicate that these upward moves are likely to continue, potentially leading to new all-time highs for ETH in the coming months.