Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
$ETH From the current perspective, we're in a concentrated liquidation period for bears. There are too many people shorting right now. 🐶 The whale will keep pulling prices up to liquidate short positions and increase liquidity. Many people talk about a bull market comeback, but that's just blind following the trend. After two years of bull market in Ethereum and BTC, it's unrealistic to expect a bull market rebound after just one month of consolidation. Most likely, we'll see a third trend downtrend. However, for now, Ethereum will continue to test the 2400 level. 2400 is a trapped long position from the early February decline. Personally, I don't think it will break through easily—the whale wouldn't be so kind as to help people break even. That said, if it does break through, it will definitely continue moving up for a while. Around 2600-2800 should be the limit. If it rallies beyond that, it's beyond my understanding. After all, many people chased shorts on that waterfall day yesterday, and now that prices have been pulled up so many points, all positions that should have blown up probably have. The higher it's pulled, the more new shorts might enter, while bulls will hesitate. So weighing the pros and cons, I think 2600 should be the maximum. If we're being aggressive, we could start adding short positions now around the 2400 level and continue scaling in as it develops.
Currently, 2400 is a key level.