The video provides a technical analysis of ETHUSDT, noting a breakout above a resistance level of $4000, which has held since March 2024. The current price is approximately $4165, with a target set at $4600. Despite positive fundamentals, including high total value locked in DeFi since April 2022, and companies adopting Ethereum treasury strategies, the video highlights lower volume during the breakout and bearish divergence on the RSI. The analyst suggests a minor pullback is possible. He believes, based on the fundamentals of ETH, and despite this pullback, there will be a real break out and rally higher. A fail range is established at $3600. There are multiple companies all buying tons and tons of Ethereum in OTC companies which are running out of the asset, he suggests this is increasing the price. The trend is bullish.