The video analyzes ETHUSD on a 15-minute timeframe, noting a potential five-wave move from the August low. It identifies Wave 1, 2, 3, and 4, suggesting Wave 5 is still outstanding. The analyst expects ETHUSD to approach all time high in short term, around $4850, with $4900 as next target. It highlights a micro support zone between 4473 and 4631, indicating the local uptrend remains intact as long as the price holds above 4473. A break below this level could signal a trend reversal. The video suggests Ethereum is knocking on the door of the all-time high, around $4850.