🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
Not yet a Gate Post Ambassador? Apply now 👉 https://www.gate.com/questionnaire/4937
Join the Ambassador Task and post daily from June 9 to June 15, get your posts rated, and share a $300 prize pool based on your ratings!
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will
ETH Price Prediction: Additional Note for Sharp-eyed Traders
If you've carefully studied the ABP chart image included in this article, you may have noticed the beginning of a relatively significant red bar at the most recent timeframe. This suggests some investors are now beginning to sell Ethereum at a loss, which could indicate the start of some short-term profit-taking or a temporary pullback.
To cross-check this, we analyzed Ethereum through volume profile analysis using Bitcoin Futures as a correlated indicator. Currently, Bitcoin Futures trade at around $2,657, with notable resistance zones appearing slightly higher, specifically between $2,665 to $2,675. This zone includes key technical resistance points such as yesterday’s Point of Control (POC), yesterday’s Value Area High (VAH), and other important price levels.