🎉 Gate.io Growth Points Lucky Draw Round 🔟 is Officially Live!
Draw Now 👉 https://www.gate.io/activities/creditprize?now_period=10
🌟 How to Earn Growth Points for the Draw?
1️⃣ Enter 'Post', and tap the points icon next to your avatar to enter 'Community Center'.
2️⃣ Complete tasks like post, comment, and like to earn Growth Points.
🎁 Every 300 Growth Points to draw 1 chance, win MacBook Air, Gate x Inter Milan Football, Futures Voucher, Points, and more amazing prizes!
⏰ Ends on May 4, 16:00 PM (UTC)
Details: https://www.gate.io/announcements/article/44619
#GrowthPoints#
🥰🗼 Let's team up and share a prize pool ofup to $5,000,000! https://www.gate.io/competition/wctc/s7/team_detail/33?ref=VlMRXV4NUw
You can join with me. 🥰😍
🔥 ETH/USDT Market Analysis | April 16 Update 🔥
Current Price: $1,561.58
📈 24H High: $1,614.93
📉 24H Low: $1,539.38
📊 Volume: 256.94K ETH
💰 Turnover: 405.72M USDT
🕒 Timeframe: 1H Chart
🔍 Market Overview:
Ethereum is showing increased volatility as it continues testing crucial support levels. After reaching a high of $1,614, ETH faced heavy resistance and dropped back below key moving averages. This pullback highlights short-term bearish pressure.
📌 Technical Highlights:
MACD: Slightly negative at -0.10 — signaling weak momentum and indecision.
RSI Levels: All RSI indicators (6, 12, 24) are below 45 — showing reduced buying power.
KDJ: Bearish momentum building, with %K and %D both turning downward.
Volume: A spike in red candles near resistance shows seller dominance around $1,600.
🧠 Future Predictions by Timeframe:
⏱ Short-Term (1H): ETH may retest $1,540 support. Resistance remains at $1,580–1,600.
🕓 Mid-Term (4H): Bearish structure unless price reclaims $1,600+. Watch $1,500 as next key level.
📅 Long-Term (1D+): Below $1,500 could push ETH toward $1,450–1,480. Recovery starts above $1,620.
💡 Final Thoughts:
ETH is in a critical range right now. Bearish momentum is dominant, but any bullish breakout above $1,600 could flip the trend. Stay cautious and track volume near resistance and support zones.