The direction is completely determined, the bull market for ETH. If there are too many long positions, it may drop below 3000 to liquidate the longs. If there are enough shorts, it won't drop below 3000. Regardless, it's hard to see ETH below 2000 in the coming years. If it does drop, I suggest everyone set stop-losses on all short positions. Additionally, there is support around ETH 3350/3150, which allows for high selling and low buying in swing trading.