The analyst provides an update on Ethereum, noting important GDP and jobless claims data due today at 12:30 UTC. He mentions more impactful data to come tomorrow. The video analysis indicates that ethereum is in an uptrend on the daily timeframe and has gained momentum. The analysis points out a change in Ethereum's short-term positioning compared to Solana, suggesting Solana is stealing the spotlight. In SOLETH is gaining upward momentum in a bullish trend. The video then provides a prediction for ETHUSDT. It points out that ETH is likely to remain stable in the short-term on lower time frames, but a possible downside spike to 4200-4150 due to bad news can happen, however ultimately the model is predicting a rally into 5000 and higher later on the timeframe of September and October.