The analyst provides a technical analysis of Ethereum (ETHUSD) on the weekly chart, noting a multi-year triangle pattern. He also identifies an inverse head and shoulders. The initial target for the next swing high for ETH is the 1.618 Fibonacci extension level, calling it $7000, although he says it could reach as high as $8000. He discusses the potential for volatility and a possible downside, suggesting that support at $3200-$3800 would be key, which is where the 50-day and 20-day moving averages are, however a reasonable calculated failure bound for the analysis is $3000. He compares current momentum oscillator readings to those of December 2020 and he is awaiting the price action to break above $4400.