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
Amid the US non-farm payroll data falling below expectations, Ethereum's price movement has become particularly crucial. The current market focus is on the 4950 level—many long positions are building here, waiting for a breakout above 5000. But the problem is, the 5000 mark has already become a roadblock. Looking at historical trends, the 2000 level was successfully突破ed, and the 4000 level was also broken through, but surprisingly, the 5000 integer resistance remains unbreakable.
Interestingly, there is a circulating theory in the market that the true goal of the big players might be to trigger a liquidation of all these longs at 4950. Only then can a genuine and effective attack on 5000 be launched. Conversely, cracks have already appeared below 2000, which is another direction worth paying attention to. Other mainstream cryptocurrencies like Bitcoin and Solana are also engaged in similar technical battles. In the short term, longs at the 4950 level need to be cautious.