🗒 Gate.io Suggested Topics Posting Event: #Ethereum Pectra Upgrade#
✍️ Please include the topic #Ethereum Pectra Upgrade# in your post
💰 5 quality posters * each receive $10 Points
The Ethereum Pectra upgrade goes live on May 7, bringing improved account features, better validator experience, and L2 support. Will it boost ETH’s price? Share your thoughts, predictions, and trading strategy with #Ethereum Pectra Upgrade# for a chance to win $50!
⏰ Event Time: May 6, 4:00 AM - May 7, 4:00 AM (UTC)
⚠️ Notes: Plagiarism is prohibited; original content is encouraged.
【Price Trend Analysis】Spot 1555 steady order placement! Synchronized, two-month cycle
1. Candlestick Patterns:
- Recent price fluctuations have been significant, with a sharp rebound on March 11 from a low of 1754.28 to a high of 1929.68.
- On March 10th, there was a sharp drop from the high of 2152.40 to the low of 1810.01, forming a long black candlestick.
2. Technical Indicators:
- MACD: The 1-hour MACD is in the negative zone, but the DIF and DEA are gradually converging, indicating a potential short-term stabilization.
- RSI: The RSI on the 1-hour level is at 47.23, close to the neutral zone, and has not entered the overbought or oversold area.
- EMA: The 1-hour EMA7 (1901.94) is below EMA30 (1941.55) and EMA120 (2076.71), indicating a weak short-term trend.
3. Trading Volume:
- On March 11th, the trading volume significantly increased, especially during the price rebound, indicating fund intervention.
- The volume was also relatively large during the sharp drop on March 10, indicating a high level of market panic.