📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
#ETH# ### ⚠️ **Pullback Risks and Suppression Signals**
1. **Short-term profit-taking pressure**:
- This morning, the institution **Trend Research transferred 17,289 ETH** (approximately $5.284 million) to Binance to initiate partial profit-taking, which may trigger a follow-up sell-off.
- $3,100-$3,150 is a strong resistance zone, and yesterday the price encountered resistance and fell back. A corresponding volume is needed for an effective breakout.
2. **Technical Overbought and Divergence**:
- The 4-hour chart RSI currently shows **negative divergence**, indicating a weakening upward momentum; if it loses the support of 2,930-2,940 USD, it may retrace to 2,800 USD.
- Some analysts believe that the support at 2,900-2,930 is weak, and a deep pullback may test 2,860 (the area for liquidating short positions).
---
### 📊 **Key Price Levels and Trading Strategies**
| **Direction** | **Key Position** | **Trigger Condition** |
|----------------|----------------------|----------------------------------|
| **Bullish Scenario** | Break above $3,050 | Target 3,256 (Fibonacci 0.618) → 3,400-3,500. |
| **Pullback Scenario** | Break below $2,930 | Looking down to $2,800→$2,860 (Bullish defense zone). |
| **Strong Support** | 2,900-2,940 Area | Bulls need to hold on, otherwise the trend will weaken. |
| **Strong Resistance** | 3,100-3,150 Range | Breaking through opens up upward space. |
---
### 💎 **Comprehensive Judgment**
- **Intraday Trend**: It is highly likely to **fluctuate between $2,930 and $3,150**. If it stabilizes above $3,050, there is a chance for further increase; conversely, if institutional selling pressure intensifies or it falls below $2,930, it will trigger a pullback.
- **Mid-term Trend**: Q3 ETH performed strongly (+21.9% vs BTC +13.85%). If Bitcoin stabilizes, Ethereum may lead the Altseason, with a target of $3,400-$3,500 in sight.