Recently, the price of Ethereum (ETH) has fallen from its high to around $3400, just touching multiple long-term moving average support levels. From a Technical Analysis perspective, the current price level may be an ideal get on board opportunity.

From a fundamental analysis, there are several factors that may drive the price of Ethereum up:

1. The rapid development and application of Layer 2 technology
2. The upcoming implementation of the EIP-4844 proposal
3. Expectations for ETF Approval

These factors working together may drive Ethereum closer to its intrinsic value. Looking at Ethereum's historical performance, after enduring a prolonged period of consolidation, a strong upward trend often follows.

Based on the current market environment and technological development trends, some analysts in the industry predict that Ethereum is expected to reach a price level of around $7000 by the end of the year. Although this prediction still carries uncertainties, considering multiple favorable factors, this possibility should not be overlooked.

For investors, taking decisive action when the market is hesitant often leads to better returns. However, the cryptocurrency market carries high risks, and investors should fully assess their risk tolerance and proceed with caution when making decisions.