Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
good
Based on ETH's intraday "Deep V rebound" volatility characteristics, combined with short-term capital momentum and key price level battles, the early morning bullish and bearish trends will revolve around the 2940 level for core contention. The specific analysis is as follows:
Bullish Scenario
1. Signal to Initiate: If the price stabilizes above 2940 with volume continuously increasing, and mainstream coins in the market move upward simultaneously, the bulls will initiate a second attack.
2. Target Levels: The first resistance is at 2950 (intraday rebound pressure level). Breaking through this could push towards the intraday high of 2957.94; if volume continues to follow, there is potential to test the short-term extension zone of 2960-2965.
3. Support Base: The 2935-2940 zone will serve as the core support band for the bulls. A pullback to this range without breaking below will prevent the upward trend from being interrupted.
Bearish Scenario
1. Weakening Signal: If rebound volume rapidly diminishes in the early morning, and the price loses the 2940 level and falls below 2935 (recent rebound platform), the bears will take control of the trend.
2. Downside Targets: The first support is at 2920-2925 (low during the rebound). Falling below this will test the 2900 integer support level; if selling pressure intensifies, a likely retest of the intraday low at 2886.75.
3. Resistance Suppression: The 2935-2940 zone will become a key resistance band for the bears. Failure to break through this area during a rebound will accelerate the downward pace further.
Stay in sync with the captain's rhythm, catch the oscillation waves early, and the captain will help you precisely grasp short-term opportunities for steady gains!