The exchange rate of ETHBTC is currently in a downtrend, which is part of a normal market adjustment.
From a four-hour perspective, the key support level is at 0.038. As long as this level holds and does not break, after a short-term pullback, ETH will still push towards 3300 again.
The current pullback is a short-term fluctuation and will not have a substantial impact on the momentum for future increases. In a bull market, this typically manifests as a slow rise accompanied by sharp declines.
