The analysis begins on August 29th, with ETHUSDT at $4333. Technical indicators and price action on the 1-hour chart are examined, noting a potential reversal with volume building. A comparison to previous breakouts is made. The analyst suggests that if ETHUSDT can rise above $4400 to $4500 within the remaining 8 hours of the day, it would be a positive sign. Bullish divergence is identified on the 1-hour RSI. On the 4-hour chart, volume is high, but a breakout isn't occurring, potentially signaling a fakeout. Fibonacci retracement levels are applied, placing the current price within the golden ratio. A double bottom pattern is suggested if the price bounces from here, with a potential rally if $4680 is breached. The likelihood of ETHUSDT falling below $4000 is doubted. The long-term target is $8000 by September or October, based on bullish weekly RSI, Stochastics, and MACD indicators. The expert believes that ETH is going to continue to move to dramatically higher prices.