💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
#加密市场回调 Today, the Ethereum market is performing flat, with a price drop of about 1.14%, showing signs of fatigue after a recent continuous rise, and the market has entered a weak and volatile pattern.
From a daily perspective, Ethereum has failed to maintain its upward momentum after breaking through the midline and is currently facing strong resistance at the upper line. In terms of technical indicators, the MACD histogram is contracting, and the RSI is hovering around the 50 line, indicating that the upward momentum is waning. If it cannot stabilize above $4200, Ethereum is likely to return to the adjustment channel.
On the 4-hour timeframe, $ETH has encountered multiple resistances in the 4230-4250 range, forming a typical short-term double top pattern, indicating a possible downward trend. The KDJ indicator has formed a death cross and is moving downwards, while the MACD indicator is about to turn from red to green, all of which are relatively clear bearish signals. The 15-minute chart shows that the short-term trend continues to weaken, with the rebound highs gradually declining, and it is expected to test the key support area of 4080-4050 dollars in the short term.
Technical analysis shows that Ethereum's current support levels are at 4080, 4010, and 3900 dollars, while the resistance levels are at 4200, 4250, and 4310 dollars.
According to the current market conditions, the trading strategy suggests shorting in the 4180-4200 range, with the target set in the 4100-4050 area.