ETH more bearish?

Salaam

After breaking the trend line, ETH is in a descending parallel channel.

2950 is a key level that broke and retested.
I expect more bearish action minimum to 2600 area that intersects with 38 FIBO of the last daily upside impulse.
2350 is the next support if 2600 not keep.

I placed another sell order at 2935.

Good luck

Trade active:

Here is 5m chart:

Comment:

I close the trade in loss at 2984.
This rise is a result of the falling channel.