This morning, Ethereum broke through 3400, reaching a high of 3446.

However, in the next four hours, it failed to hold above 3400 and instead declined.

Old Lei analyzed with everyone yesterday that the long positions in the futures market are relatively high.

If Ethereum cannot hold the four thousand price, the downward trend may trigger panic selling, leading to a chain reaction. As a result, as Old Lei expected, it dropped to a low of 3165 yesterday. It was reasonable to remind everyone to fasten their seatbelts before getting on board.

Old Lei saw 3400 dipping and decisively entered a short position, securing a profit of 183 points on Ethereum.

Looking at today's four-hour chart, the downtrend has shown clear suppression, and now is the moment for the bulls to counterattack.

Friday's strategy: set long positions around 3180. Focus on the area around 3240.