I dont agree with this. And i suspect that you are influenced by the recent 3-4% drop. But of course you provided no time frame, so ye, maybe that is the bottom sometime in the future. But its not where we are not going that low short term imo. I would be very surprised if that was the case. Have a nice day.
I should have clarified, as I made the chart hastily. I see a lot of people going all-in on ETH at these prices, and I feel that they will get burned. This is a call to spread your entries. If it gets to the level I pointed out in the chart it should provide for support, given that this was the last heavy resistance that got broken.