#ETH Ethereum and the pancake shape are similar. Based on conventional experience: avoid bottom-fishing during a slight decline, and the bottom is confirmed when the price accelerates downward. After a rebound, there is a high probability of a second test, with the second test near 886 or 113, according to the chart around 1687-1787. If attempting a short position, also consider the FVG resistance level near 2200. Currently, it continues to trade within a narrow range. On Monday night, there is a high likelihood of sharp volatility. If the price retraces to 2200 and cannot break through effectively, consider shorting. If it breaks and stabilizes above 2200, it provides a protective level.
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#ETH Ethereum and the pancake shape are similar. Based on conventional experience: avoid bottom-fishing during a slight decline, and the bottom is confirmed when the price accelerates downward. After a rebound, there is a high probability of a second test, with the second test near 886 or 113, according to the chart around 1687-1787. If attempting a short position, also consider the FVG resistance level near 2200. Currently, it continues to trade within a narrow range. On Monday night, there is a high likelihood of sharp volatility. If the price retraces to 2200 and cannot break through effectively, consider shorting. If it breaks and stabilizes above 2200, it provides a protective level.