ETHEREUM, more drop before rising or is the price ready to rise?

The price is currently located on a local zone of support. We will closely monitor the price before opening positions and aiming for the area identified on the chart. If the price manages to successfully bounce off the local support, we will be opening BUY positions right away. If the price manages to drop a bit more before rising, then we will monitor the price and patiently wait for the price to reach the area of 0.5 and 0.618 fib retardements before opening buy positions