📢 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
ETH Market Analysis and Trading Suggestions on August 13, 2025, at 15:00
Technical signals:
Bullish Momentum: The 4-hour chart shows a MACD golden cross, and the daily line has broken through the upper Bollinger Band, indicating short-term strength. However, the RSI has reached 82 (overbought zone), and the price is diverging from the VWAP, indicating a potential pullback pressure.
Key support/resistance:
Support levels: $4500 (psychological barrier), $4350 (EMA60 moving average and previous high turning support).
Resistance levels: $4600 (already broken), $4800-4868 (historical high).
Stabilization conditions: It is necessary to observe whether an effective support is formed in the $4500-$4550 range. If the price stabilizes with reduced volume in this range and the RSI falls back to neutral levels (60-65), it may initiate a new round of increases; if it falls below $4500, it may trigger a technical sell-off, probing down to $4350.
Current status: The price is in the overbought zone, and there is a short-term demand for a pullback, but no clear stabilization signal has appeared. It is necessary to wait for a decrease in trading volume or a candlestick pattern (such as a hammer) to confirm the effectiveness of the support.
Short-term strategy (1-4 hours)
2. Short Selling:
Entry conditions: Bounce to $4630-4650
Stop loss: $4720 (exit if it breaks 4700).
Target: $4500-4550 (support range).
Position: ≤10% of total funds, leverage ≤50 times.
Risk Warning
Core operating principles: test with light positions, strict stop-loss, avoid chasing highs and selling lows. In the short term, respond to volatile markets, and in the medium to long term, focus on fundamental drivers such as staking yields and RWA.
For those who want to know more details, you can click to follow or join the fan group #ETH突破$4,600# #CPI数据来袭# #BTC# #ETH# .