#ETH# Today, ETH is in a **critical window for direction selection**: if it can hold above the 3,550 support and break through 3,690 with higher trade volumes, it will open up upward space; on the contrary, if geopolitical issues or a leverage collapse trigger a dumping, it may retest the 3,200 support. It is recommended to combine with the expectations of the Fed's interest rate meeting on July 31 (if a rate cut boosts risk assets), and engage in **light position swing trading**.