Right now, the pancake is quite a pit, the pit of the pancake is over 92000, let's see if Ethereum will drop because of this, if I fall asleep, so be it, I can sleep peacefully with my spot and contracts with stop-loss 😪🥶

#ETH Ethereum has reached a tangled position again, uncertain about a reversal, uncertain about a collapse, what should we do?

1. Reversal Trading:
The current price has formed a golden pit within 30 minutes, with signs of rebound in the hunting loss area. It has not significantly broken below the middle line. RSI is in the oversold zone. Short-term trend is reversing.
Consider taking a small position to go long, with a stop-loss insurance level at 1690, high risk at 1780.

2. Trend Trading:
Go long after breaking through 1850 or even 1900, be aware of a potential double top forming if it does not break through.

3. Don’t want to wait, spot or contract?
Spot.

4. If going for contracts, should I go long or short?
…… You have to take responsibility for your own money!

Note: Currently, only 30-minute and 1-hour analyses have been done. Need to observe again tomorrow morning.