Ethereum Short Position Holders: You can maintain your positions with stop loss moved above 2,045, targeting 2,000;
Long Position Observers: Avoid blindly buying the dip. Wait for the price to stabilize above 2,020 and for a doji or bullish engulfing pattern on declining volume before considering light long positions;
Aggressive Traders: You can short into strength in the 2,035–2,040 range with stop loss at 2,050, targeting 2,010–2,000
ETH has broken out of the consolidation pattern and entered a one-sided downtrend. Currently, defense should be the priority, avoiding counter-trend operations.
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