The pancake has been discussed, just find the point you think has an ideal risk-reward ratio to go short.

Let's take a look at Ethereum. Ethereum has been moving quite steadily in the last two months, mainly focusing on going long on dips in the short term, and the MA30 on the daily chart has been flattening out. There is still considerable support below, with the first short-term support level being around 2500 near the MA30 (which is also on the upward trend line in Chart 2).

The second support level is 2370, which was affected by geopolitical factors half a month ago; it bounced back within two days and completed a support-resistance conversion, also bouncing back multiple times after reaching it. The third support is the previous low at the very bottom, which is hard to reach without significant bearish news.

Tonight, for Ethereum, it is suggested to pay attention to the first support level around 2500. If it reaches that point, you can try to position for long positions, as the buying orders below are very strong, and the risk-reward ratio is very high $ETH