Ethereum is currently in a contradictory state of a bearish structure + extreme fear + bottom accumulation signals. Short-term, sell high and buy low; medium to long-term, build positions gradually at even lower levels.

· Short-term (light positions, strict stop-loss)
· Sell high: $1,750–$1,800 shorting, target $1,690.
· Buy low: $1,550–$1,600 going long, take profit on rebound to $1,700.
· Stop-loss set uniformly at 3%-5%.
· Medium to long-term allocation
· Buy in batches within the $1,200–$1,600 range.
· Around $1,070 is a historic “golden pit,” can increase position size.
· Key risks
· ETH must closely monitor BTC ($60,000 support; if it doesn’t hold, ETH will follow suit).
· ETF outflows + macro interest rate hike expectations suppress rebound space.
· Under extreme fear, volatility is high; positions must be extremely light.