The Ethereum (ETH) price is currently at $2,701.09.
On the daily charts, we observed that after reaching the $2,870 level that we mentioned earlier, the price pulled back to $2,810. This led us to determine the $2,810 level as a new support point. Since technical indicators have not yet entered the oversold zone, the price is likely to test the $2,810 level again.
You may consider taking partial profit (TP1) at this level. If the price breaks the $2,810 support, the next target will be $2,389. However, the probability of the price reaching this level in one go seems low. Therefore, it would be most logical to manage your risk by taking profit in the $2,810 area.
As a result, be careful and pay attention to risk management to prevent major declines.