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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
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Post your - 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Good morning everyone, quite coincidentally, after updating the 3-hour Bollinger Bands closing support yesterday, the market quickly pumped up, rising straight to around 4365, just testing the 4380 resistance point nearby. In the layout from the previous two days, we mentioned that we could continue to defend downwards after the rebound. In the early morning phase, we were able to effectively pullback. Now, we are back above the key support level of 4144, and we choose to go long upwards in the range of 4180-4200. Currently, we can see the short-term space.
Structurally, the four-hour Bollinger Bands continue to narrow, with a support at 4050, which means the downside space is difficult to open up. It is expected to maintain a range-bound movement, so the current layout can only be a pullback long to create a hedging structure.
Bitcoin has also pulled back without breaking the high point, with a support level at 117300 on the two-hour chart. Currently, it still maintains rebound demand. We mentioned that after a pullback, we can only go long, and the same thinking applies now. #BTC# #ETH#