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
The two-basket strategy remains clear: use the rebound as an opportunity, with a bearish trend as the main line.
Driven by last night's US stock market sentiment, prices quickly surged to around 2950 during the session, but the upward momentum failed to continue, and then retreated to around 2885. During the early morning hours, bulls and bears repeatedly tugged, and currently, the price has returned above 2920 for consolidation.
From the 4-hour structure, the previous dip found effective support at around 2785, triggering a short-term bullish rebound, with the price returning above the midline. However, it should be noted that this rebound is more of a technical correction and has not reversed the overall weak pattern.
Key resistance levels to watch above are 2950 and 3000. Until a valid breakout occurs, the strategy remains mainly to short on rallies.
Short-term idea: attempt to short near 2950, target 2880-2840
Swing idea: position short around 3000, target lower at 2800-2700
$ETH #ETH$ETH