The red is a key resistance area: from 1100 to 1160.
Two hours ago ETHUSD did not reach this and it pulled back a little but it is even possible to enter this area in the next hours.
I think that if ETHUSD does not enter this area, it could fall to the support line and then it will retest entering the .
Scenario 1 (red one). It could fall lower than the support line and then it could reach the 800-900 area.
Scenario 2 (green one). It could fall only to the resistance line and then pull back and enter . Here it could oscillate for a moment and then it will brake this area with high probability. This way it will move to mayor (1350-1400).