Ethereum (ETH) is currently trading at $1.95K, with a 24-hour decline of -4.01%, and technical indicators are in a weak state. Based on chart pattern analysis, ETH has broken below the lower boundary of the triangle and the previous flag pattern's lower limit, indicating significant short-term resistance.

From a trading perspective, analysts have provided three trading strategies. The first option is to wait for the price to fall back to the 1860-1840 range, consider going long near this support level, with target levels at 2000-2050-2100, and set a stop loss below the 1840 close. The second option is to start partial positions around 1910, set a second take-profit at 1860, and again target the 2000-2050-2100 range. The third, more aggressive plan is to go long near 1750, but with a wider stop loss set below that level's close.

On the short side, traders can consider shorting locally or from the current price, but the stop loss must be set with a close inside the upper boundary of the triangle to allow room for a rebound. Additionally, the short-term resistance at the 1990-2040 range can be referenced, while the stronger resistance at 2100-2150 serves as a longer-term stop loss reference.

It is important to note that the resistance level around 1910 from the previous day showed some effectiveness. Although the rebound was limited, it did have an impact. Investors should choose their strategies based on their risk preferences and strictly adhere to stop-loss rules.