Today's sell-off is not as intense as the one we had two days ago, although you can feel that the market is scared.
With this signal I'm not making a prediction that ETH will fall. This is about the potential area of reversal in case that ETH will fall if we get another market capitulation like Wednesday.
The $2000 area is right at the bottom of Wednesday's wick, plus it touches the 2021 channel support. Let's hope that we're going to see some more bullish action very soon!