This bullish trend has 'already' (bulls say 'only') run halfway. The large swing from eth 1775-2725 has completed, with an increase of about 930 points. If it adjusts by 0.382, the lowest retracement would be around 2370 (this can only be achieved if 2444 is broken). This is the starting point of the rise from a few days ago (it was said that after breaking 2380-2444, there was a 300-point space without strong resistance, a flat road ahead). It serves as the strongest short-term support; if the price reaches this level, it would be the bottom point. After the adjustment, the next move would be the large swing from 2770-4036, which will run for about 4 weeks. As long as it stabilizes above 2660 in the short term, it should head towards the 3-4k direction.

From yesterday to today, it is in a 12-hour adjustment cycle, and the current 4-hour downward momentum is weakening. It will undergo another 6-8 hours of adjustment; if it stops falling, the daily adjustment will end.

Indicators on the 3, 5-day, and weekly levels are healthy, and the medium-term bullish trend remains unchanged. It will only turn bearish if it breaks below 2110.