The new fluctuation range for Ethereum has formed after the recent decline,
from around 2980 to 2860. Within this fluctuation range, regardless of whether the market is bullish or bearish, there are opportunities as long as you understand where to set your stop-loss, either near the upper or lower boundary of the range. This will relatively increase your win rate.
The fluctuation exists, and a direction will emerge. Regardless of whether the overall trend is down or up, in my opinion, the fluctuation range has already formed. Above 3000, there are many positions stuck. In the short term, as long as 2980 holds, you can consider shorting. Setting a stop-loss at 2980 or 3000 is also acceptable, and the stop-loss won't be too painful.
In this declining market, going long actually involves greater risk, which is my current perspective. That's why I didn't engage with Ethereum yesterday; it hasn't been performing well lately. $ETH
