It is crucial whether Ethereum can hold the key defense line of 2930. Once it breaks down, keep a close eye on where the support level is below. If the Candlestick shows a bullish doji or a long wick candle bottoming pattern, that would be a signal to go long. However, one must stay alert here – a plummet can happen at any time, and once it occurs, it’s hard to avoid. Therefore, stop loss must be in place, and one should not have a mindset of taking chances. The safest approach is to set the stop loss according to a single Candlestick, which can help keep the losses to a minimum and avoid those fatal strategic errors.