Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
The crypto market took a heavy hit today, with a sharp drop shaking up investors. As soon as I opened my phone, I saw red across the board—Ether alone plunged over 12 points, and altcoins are feeling the heat. The market reaction seems to be fueled by recent news, triggering a wave of sell-offs.
Right now, BTC is attempting a rebound after the dip. However, for real bullish momentum, it needs to reclaim $90,666 convincingly. The key resistance zone sits around $92,588, with further hurdles at $93,466. On the downside, keep an eye on crucial support levels at $88,158, $87,388, $86,266, and $85,158—if those break, we could see even deeper corrections.
Ether is also showing signs of a short-term recovery but remains under pressure. For ETH to regain strength, it must push back above $2,436, with strong resistance looming at $2,530. On the support side, levels at $2,288, $2,258, and $2,190 are critical—if ETH fails to hold these, further downside movement is likely. Resistance areas to watch: $2,480 and $2,530.
In times like these, it’s essential to focus on BTC and ETH, as they dictate the overall market trend. Altcoins tend to follow their lead, and in such a volatile environment, risk management is key. Whether this rebound holds or turns into another fakeout depends on whether BTC and ETH can break their key resistance levels. Stay alert and trade cautiously! #CryptoMarketCorrection