Weekly Channel and Fibonnacci 61.8% retracement cooperate to point at a possible reversal zone ~ 3032
Conservative target price is at 38.20% retracement of drop for a good 24% profit.
Entry: 3032
Exit: 3775
Stop: 2936
Chart shows rudimentary wave counts.
I don't think ETHUSD will break the downtrend convincingly so I expect another leg down for the 5th wave which we can profit from.
Short ETHUSD when it hits the trend line at 229 with a stop at 253. Target Price: 160
