$ETH 7.9 ETH Trend Analysis
The overall direction for Ethereum remains bullish at 3400.
Currently in the 5th sub-wave of the white line X wave, where the X wave is a guiding structure, expecting to reach a new high and break through 2635.
There will be a subsequent Y wave downtrend for a washout, expected to drop to around 2300.
Trading suggestion: Wait for the Y wave downtrend to complete before repositioning for medium to long-term long positions.