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
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
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.
- Ethereum defends the last line of defense at $1500.
Ethereum's price stabilized above $1500 on Friday, continuing its losses for the fourth consecutive day. This major altcoin shows a clear downtrend, with its price significantly below both the 50-day exponential moving average (EMA) at $1865 and the 200-day EMA at $2325.
Technically, Ethereum's price holding above its June 6 low of $1505 keeps the possibility of a double bottom formation alive if buying pressure remains strong. A rise in Ethereum's price above its June 15 high of $1849, along with the 50-day EMA at $1865, is expected to confirm a bullish breakout.
The Relative Strength Index (RSI) at 29 indicates oversold conditions, but a higher reading compared to the June 6 low of 12 suggests a potential hidden bullish divergence. However, the MACD and signal line remain at risk of a bearish crossover, confirming sell-side dominance.
A drop below $1500 could extend the decline toward the April 9, 2025 low of $1385, which is a 14-month low.
$ETH
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading lower on Friday after three straight days of losses, as they test the critical support levels for each. The prevailing bearish pressure weighs negatively on the chances of a rebound, despite potential positive indications from the Relative Strength Index (RSI).
The technical outlook is extremely bearish for Bitcoin, Ethereum, and XRP, as continuing the decline on Friday could offset any chance of a rebound.
- Can Bitcoin’s price fall from $60,000?
Bitcoin’s price hovers just below the $60,000 level on Friday, maintaining a downtrend. However, buying pressure at the key support level delays a clear downtrend below this psychological level, while the price remains below the 50-day exponential moving average (EMA) at $67,849 and the 200-day EMA at $77,100.
That said, the Moving Average Convergence Divergence (MACD) indicator stabilizes near the signal line, indicating weakening momentum while remaining fragile. In contrast, the Relative Strength Index (RSI) hovers above the oversold level near 30, suggesting continued bearish pressure. However, the RSI value is higher than it was during the prior decline to $60,000, indicating bullish divergence. This supports the possibility of a double-bottom reversal in Bitcoin’s price if sellers fail to impose clear control.
Looking at the downside, Bitcoin’s key support level below $60,000 sits at its July 5, 2024 low of $53,485.
On the upside, immediate resistance is at the 50-day EMA around $67,849, reinforcing the broader bearish structure.
$BTC
$ETH
$XRP