$ETH is consolidating after a correction, possibly in wave 2 of a new impulse according to Elliott. The key support is at 3,150 USD and the resistance at 3,400 USD. If it loses support, it could seek 3,000 USD. When it comes to closing at a loss, accepting a partial loss may be wiser than holding on to a position waiting for a recovery that never comes. Cutting losses in time protects capital and allows for new opportunities. It is better to take a controlled loss than to let it turn into a larger drop. In trading, managing risks is as important as seeking profits.