The video analyzes the potential moves of Ethereum and Bitcoin, focusing on their recent performances and key technical levels. The analysis suggests that Ethereum has already reached new all-time highs. According to the analysis Bitcoin would likely head to its bull market support band, and Bitcoin will likely fall to its 20-week SMA only after Ethereum puts in new all-time highs. The presenter mentions Bitcoin is close to its 20-week SMA and 21-week EMA, but has not reached it yet.