After reviewing the Ethereum trend, the fundamental expectations have been fulfilled, but the community still has some shortcomings in controlling the risk-reward ratio.

Structurally, Ethereum remains consistent with Bitcoin, and in the short term, it is indeed going through a process of distribution and digestion. The next key point is to observe whether an effective support can form below the 3280 level. Once this level is held and becomes a support, the expectation of a rebound becomes more plausible. In other words, this level is a critical observation point—either a recovery or a rebound.