💙 Gate Square #Gate Blue Challenge# 💙
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📅 Event Period
August 11 – 20, 2025
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1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
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Regarding the potential top divergence phenomenon of Ethereum (ETH) on the 15-minute, 60-minute, and 240-minute time frames, we need to be cautious. The current market situation shows that the short-term swing trading is too dense, and its reference value is limited. At the same time, the concentration of trading volume is also a normal phenomenon before the formation of new highs.
From another perspective, the hourly support range is between $4720 and $4670. Only when the price falls below this support range can we confirm the formation of a top divergence. It is worth noting that if this occurs, it could likely evolve into a divergence on the 4-hour cycle.
As of now, the price of ETH is still around $4760. Investors should closely monitor the performance of the aforementioned support range as an important indicator for judging short-term trends. However, we must also remember that the cryptocurrency market is highly volatile, and a single technical indicator is insufficient to predict future trends; comprehensive analysis is the wise choice.