📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Recently, the price of Ethereum has been continuously rising and has now reached an important resistance level. From a technical perspective, there have been two consecutive long wick candle patterns on the 4-hour chart, indicating that there is significant selling pressure above. In this case, investors wishing to chase the price need to carefully consider the potential risks.
For the current market, we need to closely monitor two short-term support levels: 4150 and 4082. The performance of these two price levels will have a significant impact on future trends. It is particularly noteworthy to observe the weekly closing situation. If it can firmly stay above 4082, this could be a positive signal.
Based on the current market conditions, investors may consider looking for entry opportunities around 4082. If choosing to build a position, target price levels can be set sequentially at 4220, 4330, and 4500. This strategy takes into account the potential rise space while setting reasonable profit targets.
However, it should be emphasized that the cryptocurrency market is highly volatile, and investors should conduct thorough research and risk assessment before making any decisions. By closely monitoring market trends and adjusting strategies in a timely manner, one can seize opportunities in this market full of challenges and possibilities.