📣 Creators, Exciting News!
Gate Square Certified Creator Application Is Now Live!
How to apply:
1️⃣ Open App → Tap [Square] at the bottom → Click your avatar in the top right
2️⃣ Tap [Get Certified] under your avatar
3️⃣ Once approved, you’ll get an exclusive verified badge that highlights your credibility and expertise!
Note: You need to update App to version 7.25.0 or above to apply.
The application channel is now open to KOLs, project teams, media, and business partners!
Super low threshold, just 500 followers + active posting to apply!
At Gate Square, everyone can be a community leader! �
The current Ethereum market is showing significant downward pressure. From a technical analysis perspective, the MACD indicator continues to show negative values, while the KDJ indicator is in a neutral state, indicating that the bearish forces still dominate.
At the same time, the risk appetite in global financial markets is decreasing, further intensifying the pessimism in the cryptocurrency market. In this environment, the price of Ethereum is likely to continue its downward trend, and investors need to be highly vigilant about potential downside risks.
Based on the current market situation, traders may consider implementing a short strategy in the range of $3870 to $3850. The potential downside target price could reach $3800, and may even hit $3700.
However, it is worth noting that the cryptocurrency market is highly volatile, and investors should conduct comprehensive market research before making any trading decisions and develop suitable investment strategies based on their risk tolerance. Additionally, closely monitoring changes in the global macroeconomic situation and regulatory environment is also a key factor in grasping the future trends of Ethereum.