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HOT
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Demo Trading
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Pledge one crypto to borrow another
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Customized asset management to grow your digital assets
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New
Use USDT/USDC to mint GUSD for treasury-level yields
Soft Staking
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#ETH ETH has shown a strong V-shaped reversal in this presentation, and the weekly chart closed with a bullish engulfing pattern. If a downward movement occurs this week, it will be an opportunity to enter long positions. The upward momentum on the weekly chart still exists. According to previous patterns, ETH often shows an independent market during BTC fluctuations, so it is not recommended to easily short before there is a clear top signal on the daily chart. Currently, ETH has shown a rise for 12 consecutive days, and the short-term is in the overbought zone, but the trend has not changed. Resistance levels on the daily chart: 4590/4630/4680, support levels on the daily chart: 4480/4390/4320, and 4460 is the key defense line on the daily chart. Breaking through 4460 will confirm a shorting signal to reach support below 4390. Until then, the upward momentum will continue.