$ETH's pullback seems to be continuing, and since the long liquidity of 3500 is still increasing, we can expect a two-stage ABC pullback, which can just reach around 3500 and liquidate short-term long positions; This pullback is very healthy, and the futures positions that drag down the continuous rise in prices often come from high-multiplier short-term bulls, even if this wave of market is pulled up by spot, but too much profit of futures bulls will become supply; Last night during the live broadcast of @Sidekick_Labs, I talked about the long-term expectations of ETH, and my opinion is that it will definitely take a period of time to fluctuate here, but the ultimate goal is most likely to be a new high price, after all, for ETH, the three-year exchange rate downturn has just ended; There is a logic in the market that "overcorrection must be corrected" and long-suppressed exchange rate pairs often do so in the same extreme way when they usher in a rebound opportunity. The market after the explosion must also be repaired through extreme pullbacks. On the one hand, the long-term bearish trend of the ETH/BTC exchange rate pair requires a more extreme rebound that lasts about a month; ETH also needs a slightly more extreme pullback on the U-standard to correct the trend structure.