The Ethereum market is still in a resistance zone. If it can't break above the 2175-2195 range, there is still a chance to continue downward.
At this position, both long and short positions are hard to manage, so let's wait. If the price continues to be blocked, go short; if it breaks above and stabilizes, then go long.
For short positions, the stop-loss should be at 2%, and for long positions, the stop-loss is close to 3%. The stop-loss is quite large, $ETH
{future}(ETHUSDT)