ETH falls to 3400, not a risk, but a high-probability cyclical buying point.

ETH is currently adjusting to $3400, appearing weak, but in fact is entering a "structural buy zone." This price level is already close to the previous important support area, coupled with key moving average support from a technical perspective.

On-chain data does not show panic; instead, whale wallet holdings have slightly increased, and there continues to be outflows from exchange hot wallets, indicating that long-term investors have not withdrawn.

ETH is not purely a speculative asset, but a network effect asset. The actual usage intensity of the Ethereum ecosystem (L2 transactions, staking, developer activity) remains stable, indicating that this fall is more due to market fluctuations rather than a deterioration of the fundamentals.

If you believe that ETH will eventually hit $7000, then at $3400, it is a point that offers both odds and probability.

$ETH