The analysis focuses on Ethereum (ETHUSD) on the daily chart, noting it's under downside pressure but not expected to fall below what would be ideal for a fourth wave, which is roughly 3374. Historically, Ethereum tends to retrace 50% in the 4th wave. Concerns are raised due to the absence of any five-wave movements to the upside or impulses in recent weeks. The bounce moves have primarily been corrective three-wave movements. $3,374 level is going to be reached.