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Ethereum (ETH) has performed impressively recently. At the beginning of July, the price of ETH was hovering around $2592, but by the end of the month, it surprisingly surged to a high of $3960. This breakout rise truly reflects the unpredictability and potential opportunities in the Crypto Assets market.
Analysts point out that if ETH can break through the $4000 barrier and stabilize in the range of $4066 to $4158 for a while, then investors need to pay close attention to its pullback situation. If the pullback does not drop below the range of $3880 to $3820, it may indicate that another round of rise is about to come, with an expected increase of around 800 points.
It is worth noting that although some death cross signals from technical indicators have appeared on the daily chart, the downward momentum is not strong. Therefore, for long-term investors, it may be advisable to gradually build positions or add to positions during pullbacks. However, for short-term traders, the volatility of the market may pose significant risks, and overly aggressive strategies may lead to rapid profit reversals, affecting trading mindset.
In such a volatile market, investors should remain calm, focus on the big picture, grasp key price levels and important trends, rather than getting overly caught up in short-term fluctuations. Whether experienced traders or novice investors, they should develop reasonable risk management strategies to find a balance between opportunities and risks.
Overall, the recent rise of Ethereum once again proves the tremendous potential of the crypto assets market. However, investors should always keep in mind that rapid price increases are often accompanied by significant retracement risks. Thorough research and a cautious attitude are indispensable before making any investment decisions.