The video analyzes ETHUSDT using a daily time frame, noting a diamond top pattern with a sideways breakout. The analyst expects a further downward movement, potentially reaching a target of $4100. There is a consideration of going below the August 22 low, suggesting further downside, however, it's unlikely it would go below $4000. Fibonacci retracement levels are used to support possible bounce areas, with RSI discussed as being bullish overall but currently showing bearishness. Liquidation levels were reviewed but not detailed due to technical difficulties. Short-term bearishness with all indicators pointing in that direction, and a resistance line being touched, which suggest there would be a correction. There is an expectation that the altcoin will reach $8000 dollars by the end of October, which supports the bullish thesis.