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$ETH 7.7 ETH trend analysis
The overall outlook for Ethereum remains bullish at 3400, but there is still a need for a Y-wave downtrend to wash out.
If it rises above 2635 again, it will form a guiding structure, and it may subsequently drop to around 2300.
If the high point is not reached, the pullback could be deeper to around 2100.
Opening suggestion: Wait for the Y wave to finish its decline before re-establishing medium to long-term long positions.