ETH has undergone a wave of corrections and has now returned to the lower edge of the ascending channel. From a trend perspective, it is still relatively unstable, and it is advised to continue observing.
If it remains in sideways fluctuation before 9 PM tonight, there is a higher possibility of a pullback after the US stock market opens.
If the price can stabilize around 3940 after 9 PM, one might consider going long at the current price.
However, it is worth noting that if ETH does not break through the upward trend line, the risk of going long is relatively high, so careful decision-making is required.
