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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
Gate Square TOP 40 Creator Leaderboard is out
🙌 Vote to support your favorite creators: www.gate.com/activities/community-vote
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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
1️⃣ #ETH Hits 4800# | Market Analysis & Prediction: Boldly share your ETH predictions to showcase your insights! 10 lucky users will split a 0.1 ETH prize!
Details 👉 https://www.gate.com/post/status/12322612
2️⃣ #Creator Campaign Phase 2# |ZKWASM Topic: Share original content about ZKWASM or its trading activity on X or Gate Square to win a share of 4,000 ZKWASM!
Details 👉 https://www.gate.com/post/st - 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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Post original content (at least 100 words) on Gate Square related to
#ETH
🔥 On July 20, ETH strongly broke through the $3745 barrier, seemingly about to kick off a new round of upward momentum, but then suddenly lost steam — the price could not hold steady and quickly retreated, dousing the market with a bucket of cold water.
But don't rush, this doesn't necessarily mean that the market has come to an end; rather, it marks the beginning of another "opportunity game"!
📉 Is a pullback imminent? Two major support levels cannot be ignored.
If ETH falls below $3745, it indicates strong selling pressure at high levels. In the short term, the price may retest:
📍First support level: $3491 (Fibonacci 38.2%)
📍Second support level: $3378 (Fibonacci 50%)
If ETH can strongly rebound from this support zone, bulls are expected to regroup and target the next goal - $4094.
⚠️ What to do if these support levels are lost?
If ETH continues to weaken and falls below $3378, it will be a warning signal that cannot be ignored. At that time, the price is likely to test the 20-day moving average of $3246 downwards, and the pace of the bulls' counterattack will also be forced to slow down.