The overall trend for ETH remains bearish as multiple support levels were broken and new lows were made. Traders are advised to close all positions to secure profits as the price has reached a support level where it may reverse. Traders with a high risk appetite may consider entering long positions at current market prices as confirmation signals have been received from lower time frames. For traders with a low risk appetite, it might be wise to enter long positions only when a strong bullish candle breaks above the 4-hour trendline.