$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.