For the recently released dynamics, there is an adjustment update regarding Ethereum. Based on the speed of this decline, 3540 is likely not the end point of this round's wave decline. The decline's end point is likely to be around 3450, near the Fibonacci 0.618.

However, there will definitely be a rebound when the first round touches the support at 3550. Friends who have positioned for a low buy at 3550 can take a small profit above 3600. Continue to pay attention to the pressure at 3620-3640 to look for opportunities to go lower, with a defense of 60-70 points. $ETH