Ethereum's recent trend has indeed been a bit suppressed. From a technical perspective, the 3400 level still acts as a strong resistance, with multiple touches followed by pullbacks. Some analysts have already established short positions around 3360, and the key to the upcoming market movement still depends on the performance of the US stock market.

Honestly, these types of resistance levels are often seen as entry points for short positions by many short-term traders. The US stock market is expected to have further room for a pullback tonight, which could then transmit to digital assets. The recent correlation between XRP and Bitcoin has also been quite evident, so overall, it's important to keep a close eye on macroeconomic developments.

If you want to delve deeper into technical details, you can discuss with like-minded traders to verify ideas with each other. Technical analysis can sometimes be clearer when viewed from multiple perspectives.