The analysis focuses on Ethereum, specifically on the daily timeframe. The analyst identifies a wave four correction pattern, suggesting that Ethereum is currently in the late stages of this correction. The presenter highlights the 38.2% Fibonacci retracement level at approximately $3,665. The ascending trendline, is around $3,700. A 200-day moving average may offer support. The analysis anticipates a fifth wave to the upside following the completion of the wave four correction.