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- ๐ ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATHโthink it breaks through?
๐ Follow Gate_Square, vote and drop your reason.
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CandyDrop ร Succinct (PROVE) โ Trade to share 200,000 PROVE ๐ย https://www.gate.com/announcements/article/46469
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๐ Event PeriodAugust 12, 2025, 04:00 โ August 17, 2025, 16:00 UTC
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๐ Event Period
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - ๐ The #CandyDrop Futures Challenge# is live โ join now to share a 6 BTC prize pool!
๐ข Post your futures trading experience on Gate Square with the event hashtag โ $25 ร 20 rewards are waiting!
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Dare to trade. Dare to win.ย
Current Price: Approximately $118,800
---
1. Price Action:
BTC is trading near its all-time high of about $123,000.
The intraday price range has been roughly between $118,300 and $122,200.
This proximity to the ATH (All-Time High) suggests strong bullish momentum.
2. Support and Resistance:
Support Level: Around $118,000 โ a crucial price floor where buyers tend to step in.
Resistance Level: Around $122,000 โ the price level BTC needs to break to continue rallying.
3. Market Sentiment:
Positive regulatory developments, such as moves to include crypto ETFs in pension funds, are boosting confidence.
Large investors (โwhalesโ) are actively buying, which supports upward price pressure.
4. Future Outlook:
Short-term target: If BTC breaks above $122,000 resistance, the next potential target could be around $127,000.
Long-term potential: If BTC continues historic growth cycles, it could reach as high as $340,000 in the future, following a potential 2,100% increase like previous cycles.