ETH has reached 3400, which is the core range for medium term capital allocation.

The market always tests faith with volatility. ETH is currently consolidating at 3400, which is actually a typical accumulation pattern before a rise.

From the market structure perspective, the rapid rise of ETH above 3500 has not completed the accumulation of chips. After short-term funds exit, what remains is a more stable medium term chip structure.

On-chain activity, DEX trading volume, Layer 2 locked assets, and other data remain stable with an upward trend, indicating that the core logic of the market has not been disrupted. More importantly, ETH has been deeply embedded in mainstream narratives such as AI, DePIN, and RWA, and its future scenarios go far beyond price performance.

3400 is not panic, but a strategic accumulation zone that only a few can recognize.

$ETH