Ethereum is currently basically retracing to the midline of the upward channel. Overall, the trading volume during this round of decline is significantly lower than in the previous upward phase, indicating that the main force (Zijin) has not yet shown significant signs of reduction in holdings. If Bitcoin strongly enters the upward channel afterwards, then Ethereum is also expected to continue to rise and attempt to challenge the 4000 level. This may occur in the middle to late part of the month, with a focus on long positions, and short positions should be avoided as much as possible, or only very short-term shorts may be considered!