The performance of ETH based on the overall market is relatively weak.

However, looking only at ETH itself, the structural status is still acceptable.

After a bottom oscillation for 3 months, it began to rise, continuing to increase by over 40%.

The market took profits and pulled back, resulting in a price correction.

After the correction, the market entered a simple divergence oscillation, with a clear key price above.

We should also pay attention to whether the position at 3240 can continue to break through.

The current position is considered a continuation of the upward trend, and after a breakout, there is a chance to initiate a trend continuation.