Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Market analysis and trading strategy for BTC/ETH on the afternoon of the 28th.
The price of Ethereum is showing a fluctuating downward trend. The price has retreated from a recent high of 2983 and is currently hovering around 2926. The candlestick chart shows that the price trend has encountered resistance in the upper zone, and a long upper shadow has appeared, indicating heavy selling pressure above.
The MACD shows signals of weakening momentum. A death cross has occurred between the DIF and DEA, and the MACD histogram is showing negative values, indicating that the market lacks further upward momentum. The EMA7 has crossed below the EMA30, indicating short-term price pressure. The support level of the EMA120 is approximately around 2870; if the price continues to decline, it may test this support level.
The current price is fluctuating near the middle band of the Bollinger Bands, and the price has not effectively broken through the upper band, indicating a lack of upward momentum. The lower band is around 2900, which may provide short-term support for the price.
Overall, Ethereum is currently in a consolidation phase, facing strong upward pressure in the short term and lacking effective upward momentum. If it breaks down below the support level, the price may further retreat to the 2870 support area near EMA120.
Bitcoin: 87500-88200 short, target: 86500-86000
Ethereum: Short at 2920-2970, target: 2870-2800#比特币行情观察 #加密市场回暖 $BTC $ETH