📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
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💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
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The Ethereum market has been performing impressively recently. The latest market data shows that although it briefly pulled back to around $2380 this morning, it quickly rebounded and held above $2400. From a technical perspective, the current price structure indicates that the support below is relatively solid, which lays the groundwork for a potential rise in the future.
Analysts generally believe that the market is likely to continue showing a volatile upward trend over the weekend. Currently, the MACD indicator has formed a golden cross, which is usually seen as a bullish signal. Market participants can set $2450 as the first target price, and if the breakout goes smoothly, they can further pay attention to the $2480 level.
However, investors should remain cautious and it is recommended to set long positions around $2418, with an upper target price set at $2473, while also setting a stop loss of 40 points to control risk. This strategy allows for capturing potential rise opportunities while effectively managing downside risk.
Overall, Ethereum is expected to maintain a positive trend in the short term, but investors should closely monitor market changes and adjust their strategies in a timely manner. It is important to note that the cryptocurrency market is highly volatile, and investment decisions should be based on thorough research and risk assessment.