Ethereum Today's Operational Strategy:

First, we had previously set up long positions in Ethereum, and we took some profits along the way.

However, from a weekly perspective, Ethereum has started to touch the 3500 level where profits are being taken.

At the same time, since last night, due to the drop in Bitcoin, Ethereum has also been pulled down.

Ethereum's momentum is slowly easing.

Moreover, the exchange rate of Ethereum against Bitcoin had a strong rebound last night. I mentioned in my article yesterday that a doji has appeared at the weekly bottom for it.

Regarding Ethereum's second layer, some like ARB and OP have mainly surged and then retraced.

As long as Ethereum can hold above 3400 in the short term today, even if there is a spike, we can still continue to hold our long positions looking upwards.

The naked K in Ethereum's 4-hour chart is continuously trending upwards in a channel.

The key position now is to stabilize at 3400, then the rate will rise, which will provide a greater chance to maintain the bullish pattern.

After taking profits in this bullish wave, the market has slightly retraced, which is actually just a retracement and does not mean that we have reached a peak in the short term.

Even if there is a further retracement later, we can still continue to build our base positions.