The analyst discusses Ethereum (ETHUSDT) on August 8th, noting it's trading around $4,000. The weekly chart shows a bullish candle with no wick to the downside, a "Marubozu" if it closes as is. He identifies resistance around $4,166. As of this week, Ethereum is up 13.6%. He says that volume is currently not backing this move, comparing it to previous breakouts that had high volume. The 1-hour RSI shows a downtrend, indicating possible downward movement over the weekend. The target price for Ethereum in the end of September is $8000. A red 4-hour close with bearish divergence on RSI confirms the negative outlook until a reversal occurs. The invalidation point of this setup is below $3846. A small pullback will compress the spring more before a strong rally.