Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Looking at the Ethereum market, the situation is not very optimistic. Increased volume led to a break below all short-term moving averages, the MACD indicator remains in negative territory with signs of widening, and the bearish momentum is still continuing.
Over the weekend, U.S. stocks were closed with no external buying support; next week, the Bank of Japan's rate hike is virtually certain, which will trigger a large-scale unwinding of yen carry trades. Global risk assets will face liquidity drainage pressure.
From a technical perspective, it is expected to first test the 3000 level at the beginning of the week, with the initial downward target set between 2880 and 2920. If the Bank of Japan's stance becomes more hawkish, in an extreme case, the bottom could be around 2750.
If you want to catch a rebound, don't rush to enter; wait until the 3150 to 3180 area to short, with a stop-loss set at 3220. Spot traders should patiently wait until around 2800 to start scaling in, and if it breaks below 2600, it's time to admit defeat.