These two pancake charts look all tired.


The price of 1706 has fallen by 0.14%, and the order ratio +0.03% is almost indicating no direction, with both bulls and bears dozing off.
The order book is sparse, with buy one and sell one all small orders, and retail traders are too lazy to place orders.
Trading is even colder, with only two transactions around 8 a.m., totaling just over 200 contracts; such volume can't move any market.

In the short term, the second pancake just follows the main pancake, with no independent character.
Below around 1650 is a previous area of high trading density; if it can hold here after falling, consider a small long position to catch a short-term rebound, targeting 1680-1700.
Above 1740 is a resistance level; if the rebound reaches here and can't go higher, consider a small short position, targeting 1700-1680. #我的Gate交易时刻 $ETH
ETH-1.69%
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