💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
#数字货币市场回升 Through a comprehensive technical analysis of $ETH, currently Ethereum is showing a clear short position trend on the 1-hour timeframe, and this trend is continuously strengthening. The price is currently hovering around the lower band of the Bollinger Bands, and it is worth noting that the upper band and middle band are moving downward in sync and gradually widening, with the channel opening continuing to expand. This clearly reflects that the short-term downward pressure is intensifying.
In terms of technical indicators, the RSI value has fallen to around 32, indicating a weak market condition, which suggests that buying momentum is insufficient while selling pressure continues to be released. At the same time, observing the MACD indicator, the dead cross between DIF and DEA has further widened, and the MACD histogram also shows a negative expansion trend. These technical signals strongly confirm that the current short position trend is still ongoing.
Overall, based on various technical indicators, $ETH may continue to face downside pressure in the short term, and investors should closely monitor the performance of key support levels.