From a purely technical perspective, ETH is currently mainly constrained by the resistance zone near the historical high neckline at the monthly K-level. Meanwhile, the upward trendline formed since June 22 indicates that in the current market, ETH is undoubtedly the strongest. If the price continues to stay above the upward trendline, it suggests a high probability that ETH will make a second attempt to break through the monthly K-level neckline. However, if this trendline breaks downward, then at least in the short term, ETH is likely to face an increased probability of further downward adjustments. From the perspective of this cycle, for ETH, this is merely a catch-up rally to its historical high. In the same cycle, SOL has already followed BTC to not only challenge its historical high but also set a new all-time high. Perhaps the real challenge for ETH is not about returning to its past glory, but whether it can, like SOL, complete a challenge to its historical high and then continue to create new records. No matter what, I have to admit that ETH is no longer the same "second king" that once ruled over ALTS, holding the power of life and death over all other coins. END.