The recent movement of the second pancake is very typical, first consolidating sideways within the middle band of the Bollinger Bands for a few days, with the bulls repeatedly testing but unable to push higher, directly being pressed down by the bears and breaking through support, with the lowest dropping to around 2293, directly breaking through the previous few days' range.

Technically, the middle band of the Bollinger Bands has already turned downward, and after the price broke below the middle band, it never reclaimed it. The lower band support is only a weak rebound, with volume increasing during declines and decreasing during rebounds, indicating that the bulls have no strength to absorb the positions. The area of 2340-2370 above is full of trapped positions, with selling pressure layer upon layer. Below, there is only a short-term support zone at 2290-2300, which could be broken again at any time. Coupled with the overall market being weak, the second pancake is falling along with the market and not leading the rally, making it difficult to form an independent trend in the short term.

In terms of trading, if it stabilizes around 2290, consider a small position to try long positions, aiming for a weak rebound; if the rebound reaches around 2370 and faces resistance, then switch to short positions. Regardless of long or short, set proper stop-losses. In a sideways and slightly bearish market, do not stubbornly hold on. #TROLL两日涨超160% $ETH