The callback is nearing its end. If it breaks down, the logic needs to be reassessed. Since the slight breakthrough of Ethereum on the 21st, there has been repeated retesting around 3300 to build a platform. The better the foundation is laid, the higher it will fly later.

So far, Ethereum still has not truly launched with significant volume; a real large bullish candle has not yet appeared. However, after each adjustment, we are getting closer to that bullish candle.

Additionally, after each rebound following an adjustment period, the Ethereum exchange rate tends to rise a level, which is also a way to observe this wave of altcoin season.

Key point: First, observe whether it can stop falling. If it rebounds after stopping the fall, this will be one of the few remaining opportunities to enter and build a position.