Ethereum Is In Pressure

Despite of heavy selling pressure the second biggest cryptocurrency managed to sustain the support of 2900. My idea is that the price will test the major supports in this region before making any upside move. Sustaining of the 2900 level will decide the next course. Next support lies at 2812. My target is to wait and watch for the trend to clear and focus on entry at support levels only as the price is already highly oversold and a lot of distribution has already taken place.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics