ETH/USD Still Bearish. What's Next?

Ethereum has lost nearly two percent in the past 24 hours, meaning the currency pair slows down its downside tendency. There is a possibility of a bullish correction. However, the price still stays below the descending trend line and we have a general downside tendency. Midterm outlooks still negative. The price is able to reach $453.24 support area at least.
Alternative Text: ETH/USD Hourly FIBO
Let’s have a closer look at ETH/USD’s hourly chart situation. The currency pair has reached the support area at 3.618 retracement level and has fallen back from there. It seems that Ethereum goes towards the closest resistance area at $566.90, which coincides with 2.618 retracement level.
The possible scenarios for ETH/USD are the following:
1. Red scenario (bearish). The currency pair will fall from the current levels or from $566.90 towards 3.618 retracement level and then lower, towards 4.236 retracement level, which coincides with $473.39 support area.
2. Orange scenario (neutral). This one is similar to a red variation but the price will no break through 3.618 retracement level and jump off it.
3. Green scenario (bullish correction). The price will follow the Orange scenario until $566.90 resistance area and then will break it through targeting $596.08 resistance area.

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