$ETH 7.7 ETH Trend Analysis
The overall direction for Ethereum remains bullish at 3400, but we are still waiting for a Y wave drop for a shakeout.
If it reaches a higher point above 2635, it will form a guiding structure, and the subsequent decline could reach around 2300.
If it does not reach a higher point, the pullback could be deeper, around 2100.
Trading Suggestion: Wait for the Y wave drop to complete before repositioning for medium to long-term long positions.