Option 1: Better, because inequalities work the same way
Since absolute value is always positive you know that (2y-3) can be 29 but you also know that the NEGATIVE OF THE WHOLE EXPRESSION -(2y-3) can be 29.
So when you remove the abs value bars you'd have
Don't forget to distribute the -1 in the second equation so you'd get
-2y + 3 = 29