Ethereum (ETH) recently fell to $3400, attracting market attention. However, some analysts point out that this may be a strategically significant get on board opportunity rather than just a risk signal.

Currently, the price of ETH is approaching the previously important support level, while receiving support from key technical moving averages. It is worth noting that on-chain data does not show signs of market panic. On the contrary, the holdings of large wallets have slightly increased, and the funds in exchange hot wallets are continuously flowing out, indicating that long-term investors still maintain confidence.

Ethereum is not just a speculative asset; it is also a digital asset with network effects. Despite price volatility, the actual usage intensity of the Ethereum ecosystem— including Layer 2 (L2) transaction volume, staking lock-up volume, and developer activity— remains stable. This indicates that the current price fall is more a result of market fluctuations rather than a deterioration of the fundamentals.

If investors believe that ETH is likely to break through the $7000 mark in the future, then the current price of $3400 may be a relatively attractive get on board point in terms of risk-reward. However, investors still need to carefully assess market risks and make decisions that align with their personal investment strategies.

With the continuous development of the cryptocurrency market, Ethereum, as the leader of smart contract platforms, will continue to be closely followed by global investors in its future trends.