Market Analysis: After a large five-wave movement of BTC, there has been an ABC three-wave correction. The low point of this ABC three-wave may be around 106000. The lower boundary for ETH on the daily chart is 3170, meaning that above 3000 are key retracement points for ETH in August. In the third chart, I mentioned a few days ago that ETH3400 was reached early this morning. Currently, this is definitely not the bottom; we cannot start buying here yet. We need to wait for BTC's ABC three-wave correction to finish before we can start buying. At that time, we can expect a significant five-wave rally for ETH near 3000 before the end of the year, with the peak roughly around 4600. As for the people in the square a few days ago who were overly optimistic about ETH reaching 10K, they were still too blindly optimistic.