Let's talk about $eth>>

① If the current rebound fails and does not rise above the 3570 level, there is still a significant chance for a rebound. However, this rebound may only be a small one, and the extent of the rebound should not be large; it depends on whether you want to seize the opportunity. The effective rebound should occur around the 3530 level.

② Where will this round of major adjustment go? What can we see? There are two positions, and I am not sure which one it will be. One is around the 3520 level. The other is around the 3460 level. I won’t go too deep. Also, note that the 3460 level is exactly where Ethereum has a recent gap in CME futures. The next major gap is around the 3080 level; I personally believe that even if we consider this position, it will take several months of grinding to reach it, so do not fantasize about it in the short term.

③ If we are currently in a rebound, breaking through the 3650 level will see the 3690 level. At that time, the effective pressure range will be [3690-3700]. If the price encounters resistance and falls back at the 3650 level, then it will look down to the 3570 level.