Ethereum, all altcoins as well as bitcoin are in a downtrend. Eth broke the global trend line a couple of days ago and then corrected by 10%. The price is now testing the $2,950 level and is also starting to squeeze, which is not a good signal. If Eth breaks the 2950$ level, it is very likely that the price will drop to the marked lower area.
Sell after a breakdown or retest of $2950.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade