Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

ETH is overall bullish trading inside the orange channel, and now approaching the lower orange trendline acting as non-horizontal support. So we will be looking for trend-following buy setups.

Moreover, the zone 3000 is a strong resistance turned support.

on H4: ETH is bearish from a medium-term perspective trading inside the red channel.

For the bulls to take over:

Scenario 1: we need a break above the current high. (projection in blue)

Scenario 2: Meanwhile, the bears can still push lower for another low before forming a new high around the red trendline. (projection in purple)

Meanwhile, until the buy is activated as per Scenario 1 or 2, ETH can still trade lower.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich