$ETH has been traveling in an ascending channel since the beginning on the year, and as of right now it looks like it's going to respect the boundaries of said channel. This assets, along with the whole crypto market, has experienced a TON of selling since the highs made in late June. But we couldn't defy gravity forever, and it should come as no surprise that after such a huge run the sub-sequential selling was going to be brutal. I'll probably be loading up on this asset when it dips in preparation for the upside breakout.... Now if price starts moving outside the channel and making new lows I'll look to get out, but this is a long term channel so it has some weight to it. Now if you want to be conservative you could wait the breakout above the immediate supply zone (grey rectangle) and then sell at the next zone, or the equilibrium of the channel