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- 📢 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
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win. - 📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
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Tari is a Rust-based blockchain protocol centered around digital assets.
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🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
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Post original content on Gate Square related to WXTM or its
The market opened today, with the price of Ethereum once again touching around $4220. The night market experienced a pullback, with Ethereum falling over 150 points, while Bitcoin dropped nearly 1500 points. This confirms the previous bearish view and emphasizes the importance of following the trend.
Currently, Ethereum is forming multiple supports around $4220. From a technical perspective, the 4-hour chart shows that the price has reached the lower trend line of the ascending channel, while the 38.2% Fibonacci retracement level coincides with the historical accumulation zone, which together contribute to the weakening of bearish momentum.
In terms of technical indicators, RSI and MACD show signs of bottom divergence, while the KDJ indicator is about to form a golden cross in the oversold area. If Ethereum can hold above the key neckline level of $4250, it is likely to trigger a rebound in the W bottom pattern, with an upward target potentially reaching the $4380-4400 area.
For trading strategies, aggressive investors may consider building long positions in batches within the range of $4220-$4180, setting stop-loss below $4140, with target price levels at $4300-$4350. More conservative traders may wait for the 4-hour candlestick to confirm stability above $4250 before entering the market.
It is important to note that the cryptocurrency market is highly volatile, and investors should operate with caution and strictly control risks. At the same time, the market environment is constantly changing, so it is also crucial to stay updated on the latest market trends and news. Before making any investment decisions, it is recommended that investors conduct thorough research and analysis.