1. ETHUSDT has broken below the upward channel, and the rebound is still being suppressed by the ascending trendline.
2. After forming a new lower low, Ethereum is attempting to form a lower high.
3. 3685 is a key level. If it breaks above this, the bearish trend speculation will be invalidated. If it fails to break through, a lower low may form, potentially near 2810.
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