The analyst provides a daily update on Ethereum. He notes there has not been much movement since the major liquidation spike the previous day, which was expected. He notes that the market is very stable and quiet. He also states that Ethereum has been relatively stable so far. The analyst says that yesterday the price tried to push below 4125 and that it was the value area low for yesterday's price action. The analyst tested the 4125 price point today with high volume and found strong support. He stated that the Ethereum price is giving early bottoming confirmation. If one looks at the structure of Ethereum on the lower time frames, Ethereum does not look good and has dropped below the 50 EMA on the daily time frame. The analyst also brings up the Validator queue, which shows that since mid September, the exit queue has grown an incredible amount. He mentions this is quite bearish and states any bad news or bearish headlines will drop Ethereum down to 3900 or 3800.