The picture is self-explanatory
ETH is still technically overall bullish trading inside the brown channel. and it is currently sitting around the blue floor 3000 and lower brown trendline, so we will be expecting a bullish reversal from here. (of course we need to zoom in to lower timeframes and look for buy setups to confirm the shift in momentum
Unless the blue floor / support is broken downward, then our green zone 2500 would be the next floor and so on...
Which scenario do you think is more likely to happen? Which floor is more likely to hold?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!