ETH has returned to yesterday's position, but the market has not shown a rapid decline. Currently, ETH's trend is expected to have a small-level pullback, and it seems unlikely to rebound directly from this position.

However, there will likely be a wave of accelerated decline followed by a quick recovery, suggesting that the downtrend is nearing its end, and preparations will be made to challenge 3800. For contract traders, they can enter long positions at the 3540-3350 range.

The cost-effectiveness at this position is still quite high, as it is a strong support level. One can aim for a rebound with a stop-loss set at 3500.