The analysis focuses on Ethereum (ETHUSD) using a daily chart. It identifies a short-term downtrend since August and highlights that upward bounces have been corrective. A key level to watch is $3374; breaking below this level would likely lead to a larger correction towards the $2258-$2626 area based on a potential A-B-C corrective pattern, aiming for the 61.8% retracement level. The point of control, per volume profile, is around $2500. A break above $4403 is needed to signal a reversal to an uptrend. The analyst highlights potential weakness due to a break below a linear trendline.