Ethereum fell from 4100 to 3100 in just 3 days; it dropped over 25% in just a few hours. It's nothing more than the market manipulators playing with the market.

On the daily chart, a long-term upward trend line has formed a strong bottom. As long as the trend line support is not broken, the long-term bullish trend remains unchanged.

Moreover, the pullback coincidentally reached the upper support level of the Vegas channel and did not break it, so the trend is still bullish. If the price pulls back again close to the 3100 line, it’s a good opportunity to go long for the long term!