Speaking of ETH's recent trend, I think there's no need to worry excessively. But one key point — we must hold the 3400 level, otherwise it will all be just illusions.

If we really can't hold above 3400, then our trading approach is very clear. Consider looking for shorting opportunities in the 3350 to 3400 range, and it’s recommended to adopt a medium-term perspective.

Now let's look at the time dimension. If the price doesn't hold this level during the daytime today, then from tonight until this Friday, the possibility of a decline is quite high. Once it drops, we need to pay attention to the support zone around 3000 to 2900.

Overall, the key is whether we can hold steady above 3400, as this will determine the subsequent direction.