$ETH The harder short sellers slam the market, the more attention should be paid to reversal opportunities!
Last night, ETH underwent another deep pullback and is now around $2,500. Long liquidations over the past 24 hours approached $300 million, with long positions massively flushed out!
But Wei Ge believes that after a sharp plunge, one should not focus only on the size of the decline, but also pay attention to whether selling pressure has been released and whether the price can stabilize!
Clearly, after dropping to $2,405 last night, the price quickly stabilized and rebounded, meaning that selling pressure has basically been released. Therefore, Wei Ge is now more focused on long opportunities,
Wei Ge recommends going long around $2,480-$2,490, with a stop-loss at $2,450 and a short-term target of $2,560.

🚀 Gate WCTC S9 Global Trading Competition registration is now open!
Cross asset boundaries and reach the pinnacle of trading. A maximum total prize pool of 6,000,000 USDT awaits traders worldwide to unlock together.
🏆 Team competition, individual competition, and event contract PK—three tracks launching simultaneously
🌍 Spot, ETF, stock, contract, and CFD trading are all eligible
🎁 Upon first entering the event page after logging in, you will be automatically registered and receive 1 free Lucky Launch chance
🥇 The captain of the overall champion team will also have the chance to win a gold medal worth 30,000 USDT
Assemble your team and challenge the global trading pinnacle!
⏰ Official start: October 26, 2026, 16:00 (UTC+8)
👉 Join now: https://www.gate.com/competition/wctc-s9
‍#Gate #WCTCS9

🌍 Gate Shines at TOKEN2049 Singapore, with Excitement Beyond the Venue
From product innovation and cross-industry collaborations to gatherings of the global community, Gate created many memorable moments at TOKEN2049.
💳 Gate Money officially launches, ushering in a new chapter of One Gate, Everything Money
🏎️ F1 Red Bull Racing driver interaction, where speed and innovation sparked new excitement
✨ Gate Gala brand celebration, bringing together global industry partners in Singapore
Every exciting moment showcased Gate’s exploration from digital asset trading toward a broader financial world.
📸 A selection of on-site photos takes you back to Gate’s moments at TOKEN2049.
‍#Gate亮相TOKEN2049
Which moment was your favorite? Welcome to share your on-site experiences and impressions on Gate Square.
👉 https://www.gate.com/post

🏎️ From the F1 track to the financial markets, speed matters, but judgment matters more.
On the main stage at TOKEN2049 Singapore, four-time F1 World Champion Max Verstappen and Gate CMO Kyle Chiu shared their thoughts on speed, performance, and adapting on the fly.
On the track, every second can change the outcome of a race; in the financial markets, every judgment and decision is just as important.
For Gate, speed means more than efficient execution—it also means continuous innovation, optimizing the product experience, and seizing new opportunities in an ever-changing market.
From racing on the track to financial innovation, the pursuit of excellence never stops.
📸 Let's look back at the highlights of TOKEN2049 and witness the collision of speed and innovation.
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