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
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
3.8%
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.
Key Ethereum Indicator That Has Called Major Bottoms Flashes Again - U.Today
A key Ethereum indicator that foreshadowed previous price bottoms has flashed again, prompting attention for the second-largest cryptocurrency.
According to Ali, a crypto analyst, Ethereum might be oversold. This is because on-chain data reveals the ETH MVRV ratio has officially dropped below 0.8, a level associated with a deep accumulation zone.
Ali noted that historically, falling below the 0.8 MVRV level often signaled seller exhaustion for Ethereum, coinciding with aggregate market value falling significantly below total realized value. He noted that the last three times this setup occurred — December 2018, March 2020, and June 2022 — a particular trend was observed. Every single instance marked a bottom before a bullish reversal, Ali noted.
HOT Stories
Big Win for SHIB? Japan's Crypto Reforms Open New Doors
XRP Finally Back, Shiba Inu (SHIB) Up With 263 Billion Surge, Does Bitcoin (BTC) Need This Level? Crypto Market Review
Traders continue to watch whether this particular instance of Ethereum's MVRV entering grossly oversold levels will match previous instances when the price bottomed and subsequently recovered.
Ethereum short-term price action
At the time of writing, ETH was up 1.18% in the last 24 hours to $1,802 and up 1.78% weekly. ETH is outperforming Bitcoin as it looks to snap a trend of sequential lower highs and lower lows.
Ethereum surpassed the daily MA 50 at $1,767 for the first time since mid-May as its recovery from the July 8 low of $1,710 progressed.
Ethereum saw a rise at the start of July, reaching a high of $1,831 on July 6, where bulls met resistance. An attempt to surpass the daily MA 50 was also cut short as bulls could not advance.
A sustained rise above the daily MA 50 will be beneficial for Ethereum's recovery in the short term, with the potential to surpass $2,000, reaching the daily MA 200 currently at $2,214.
The crypto derivatives market is showing signs of stabilization, with speculation easing and longer-term positioning increasing.
In separate news, a new report from the Cambridge Centre for Alternative Finance (CCAF) stated that Ethereum now consumes about 7.87 GWh of electricity annually following The Merge, a decline of more than 99.9% from its pre-Merge level.