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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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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.
Analyst: Technical factors are driving ETH's recent upward movement, but the enthusiasm for capital allocation remains limited.
On May 17, David Duong, Head of CEX Institutional Research, posted on social media, "The statement I wrote down on Thursday night still applies: Last week, the rise of ETH was mainly driven by technical factors, backed by a large number of misaligned positions, short positions covering, and subsequent re-building a position. This round of pump is actually ETH catching up with peers like BTC and SOL. However, we believe that such price movement does not represent a strong allocation intention for ETH in the broader market, and demand remains limited."