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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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Essay Content Directio
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3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
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📅 End at: July 9, 16:00 UTC
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Ethereum Analysis
Ethereum (ETH) remained under the $1,600 on Saturday, despite attempts by bulls to renter this region.
ETH/USD dropped to a low of $1,587.43 to start the weekend, hours after bulls pushed price to an high of $1,599.97.
However, it appears that there could be another attempt to move past this level, with ethereum currently trading at $1,592.86
Unlike bitcoin, an upwards crossover of moving averages has yet to occur, however it seems like this could happen at any point.
This could ultimately be the signal bulls need to amplify pressure, and potentially engulf current sellers. #ContentStar# #HotTopicDiscussion# #Gateio#