🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
Recently, the performance of Ethereum (ETH) has been remarkable, with the price once climbing to 3600 USD. As a long-time follower of Ethereum, I would like to share some insights about its future trends.
First of all, it is worth noting that the current price of Ethereum has not yet broken through the historical high of $4900 set in November 2021. From a technical analysis perspective, Ethereum is forming a pattern known as "cup and handle," which is generally viewed as a strong bullish signal.
If this pattern holds, we may see Ethereum go through the following stages:
1. Breakthrough $4000, confirm the upward trend
2. Challenge the historical high of $4900-5000
3. Launch an attack on the $10,000 mark
4. Expected to challenge $15,000 in 2026
Factors supporting this optimistic expectation include:
- The expectation of global interest rate cuts is likely to drive funds into high-growth assets.
- Bitcoin's dominance is starting to decline, which is beneficial for other cryptocurrencies like Ethereum.
- Ethereum continues its technological upgrades, from the merge to staking and the flourishing development of the Layer 2 network ecosystem.
- Institutional investors' interest in Ethereum is increasing.
However, in the short term, the area around $3600 may still be a phase resistance level. When considering entry, investors might shift their focus from "is this a peak now" to "is there an opportunity now."
Despite the promising outlook, the cryptocurrency market still carries a high level of uncertainty. Investors should proceed with caution, manage risks effectively, and make informed decisions based on their individual circumstances.
#ETH冲击4800# #ETH#