$ETH 7.8 ETH Trend Analysis
The overall direction for Ethereum remains bullish at 3400, but we are still waiting for a Y-wave decline to wash out.
If a new high surpasses 2635, it will form a guiding structure, and a subsequent drop to around 2300 may occur.
If a new high is not reached and a direct decline happens, the pullback could be deeper, around 2100.
Opening Suggestion: Wait for the Y-wave decline to finish before re-establishing medium to long-term long positions.