The analyst discusses Ethereum's current position, noting it is at a loss of $700 from a prior $1.5k gain. Focus is given to the ETH/USD pair. The daily RSI is hitting oversold levels with a starting bounceback, a pattern historically indicating major bottom stages. A 3.8k limit order for ETH was not filled but remains active, also shares a 3.6k order. He expresses increasing conviction in his ETH position and indicates deep dives into various charts. The Bitcoin dominance chart suggests potential for market strength, with the analyst anticipating potential altcoin rotation. The analysis uses the daily RSI indicator, the Eth/USD and ETH/BTC pairs, and concludes a positive outlook.