ETH has been moving independently these past two days, probably because the announced ETH spot is likely to pass the S-1 document in advance

But please note that even if it passes, it is impossible to pull it directly to 4,000. All trends will have wash-outs and accumulation. Wait until the institutional chips are sufficient before choosing to pull the market, so you must do a good job of position allocation and risk control to leave yourself enough room for operation

Ethereum is currently at the right shoulder support level, 3,400 is the short-term strong and weak dividing line. After fierce competition on the evening of the 14th, it was still effectively recovered. Here it is recommended to enter the spot in batches

The second support is at 3,200. Since Ethereum has ETF expectations, it may be dragged down by the market. The recent ETF has been in a net outflow state, so if there is a pin opportunity around 3,200, it is a very cost-effective position, and long-term chips can be safely entered