🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
#打榜优质内容#
ETH is currently showing a short-term oscillation and decline, but the long-term trend remains upward. The current price is near the middle band of the Bollinger Bands, with an unclear direction. Meanwhile, the MACD indicator shows weak momentum. Considering multiple analysis tools, the market is currently in a noticeable adjustment and direction selection phase.
Short-term prices may continue to test the key support areas of 3629.74 and 3508.97, seeking directional breakthroughs after consolidating. The "buy" signals from the Bollinger Bands middle line and the Super Trend Tracking System suggest there is some rebound potential in the short term, but the strength of the rebound may be limited. It is necessary to pay attention to the performance of trading volume and the breakthrough situation of the key resistance at 3940.81.
The medium-term trend still leans towards bullishness, with the long-term EMA moving upwards indicating the overall market momentum is positive. Wide fluctuations may build a new foundation for an upward trend. Focus on whether the price can effectively stabilize in the key support area and break through the turning signals indicated by the TD sequence.
Short-term traders can consider looking for buying opportunities near the key support level of 3629.74, with a target at the key resistance of 3940.81. Strict stop-loss settings are required upon entry to manage volatility risks.
If the price breaks below the key support level of 3629.74 and fails to hold at 3508.97, it is advised to remain cautious and observe primarily, seeking new trend confirmation signals before gradually adjusting position strategies.