ETH is currently in the second phase of the pullback, and there is no sign of a bottom yet, so in the short term, it may continue to pull back to complete a second bottom, with the position likely around the 3540-3510 range, which also aligns with the 0.618 level of the dividing line. Therefore, this position can be considered for going long.

Both Bitcoin and ETH have a demand for pullbacks in the short term; it is advisable to wait for at least one pullback pin before going long. For ETH, the position to consider going long is during the second bottom. As long as it does not break below the first significant drop, then after the second bottom, there will at least be a wave of accelerated upward movement. Basically, after every major drop, there is a second bottom, after which the price will choose to accelerate upwards. #ETH