ETH is still in a range-bound state, with resistance at 2680. Only a breakthrough can create better pump space. The support level is at 2520. Looking at the four-hour MACD indicator, there is not much volume in long positions overall. The current market is in a range-bound adjustment phase. The technical indicator shows a signal of change in market trend, indicating that a breakout is imminent. In the short term, counter-trend shorts are still favored.

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📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
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📅 Activity deadline: August 10, 18:00 UTC
Let’s go! See you tonight: https://www.gate.com/announcements/article

🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.