ETH, this scenario could be a good buying opportunity

All altcoins correlate to bitcoin, so it is worth analyzing bitcoin first and other coins afterward.

At the moment, bitcoin's local trend is downwards. In case of a breakdown of the trend line, the trend is likely to reverse. Until that happens, we cannot say with 100% probability that it is the bottom!

A key level can be identified on the ETH chart. In the event of a price return, compression and breakout, there could be a good buying opportunity. this scenario could be a good buying opportunity.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.