$ETH (Currently around 3105, go long directly) First of all, the overall trend for Ethereum is definitely to rebound to 3300, and 3300 is likely not the top of this round of rebound. There are 3 weeks left until the Federal Reserve meeting at the end of the month, and usually the market declines 2 weeks in advance. Now there should be about a week left to complete the surge, expected to reach 3444. ETH retraced to 3088.01, and this wave of correction is most likely to retrace to the 8-hour MA30, which means the correction is in place. Even if it goes lower, there isn't much room left. The MA30 combined with the 3-hour MACD red energy bar is shrinking, with the price making new lows, showing divergence between the price and the bars. The hollow energy bars and solid energy bars are already symmetrically arranged below the zero axis. The KDJ J line is close to -10, and it has now stabilized from the downward trend, causing the K and D lines to decline gradually.