Ethereum's current price is $2.05K, in a correction phase, breaking below the lower trendline of the triangle. The key support levels are at 1860-1840, and stop-losses should be set to manage risk. Bulls can consider building positions around 1860, 1910, or 1750, with stop-losses below 1840; bears can short at the current price or between 1990-2040, with stop-losses set at the upper trendline of the triangle. Proper stop-loss placement is crucial to avoid significant losses.