#6 BTC全民空投限时派送中# #Gate Alpha积分撸40U# Ethereum continues the recent adjustment trend, with the price falling below 3500 USD. In the short term, it has entered a bearish-dominated downward channel. If it cannot quickly recover the 3500 USD level (Closing Price 3520 USD), the adjustment trend may continue. On-chain data shows that the inflow of funds into the stablecoin market has seen a brief pause, the injection of new liquidity has slowed down, and the open interest in Ethereum futures contracts has significantly decreased, resulting in a Long-Short Ratio reversal favoring short positions, reflecting a dominant bearish sentiment in the market in the short term. According to today's market, the 3430 USD level has seen multiple buy orders during the session, forming strong short-term support. Combined with the support from the lower band of the Bollinger Bands on the 4-hour chart, it can be seen as a short-term buying opportunity; however, if the price falls below this level, it may accelerate the dip to the 3330-3360 USD range, which is an important bottom area, emphasizing the need to coordinate with volume for a rebound.