- Pin
- 🎁 12th Anniversary Celebration – Reward Distribution Notification
🎊 Congratulations to all winners! Rewards have been sent to your Gate accounts. Please check your balances
Note:
- In regions where shipping isn’t available, physical merch will be converted to equivalent vouchers — please be patient;
- If an item is out of stock, it will be substituted with merch of equal value.
🚀 Thank you for your support! Stay tuned for more exciting events
- 【Gate Daily Market Digest】📊
Unlock today’s key crypto market insights at a glance!
Top Gainers⭐️ $SNAKEAI $YBDBD $BASEPTL $FPFT $TMAI
Trending Coins🔥 $YBDBD $LAUNCHCOIN $SPX $MIRAI $ANIME
#FearGreedIndex# #TopGainers#
- #May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be - Trading Myth vs Reality: Rising Wedge
❌ Myth
"A rising wedge is a bullish signal; buy immediately once the pattern completes."
✅ Reality
Proper rising wedge trading requires confirmation:
1.A clear break below the lower line (2 confirmed closes)
2.Volume increase on the break
3.A pullback that doesn't break above the lower line
💡 How to trade correctly:
· Wait for the pullback after the break
· Set stop-loss above the upper line
· If price breaks above upper line, volume must confirm or it's a false breakout
- What are Gate Post Ambassadors? One article guides you through the responsibilities and benefits of being a Gate Post ambassador!👇️
Is Ethereum (ETH) Warming Up for a Bullish Reversal or Stuck in the Shadows?
The crypto market remains caught in a tug-of-war, with prices swinging between bullish hope and bearish fear. The largest asset, Bitcoin (BTC), has posted a modest spike in the last 24 hours. Ethereum, the largest altcoin, has recorded a spike of over 1.47%. Will ETH reclaim its lost momentum?
A steady bullish encounter could send the ETH price up, reclaiming the lost momentum. The asset kicked off the day trading at around the $2.5K range. The midday trading has pushed ETH to hit its daily high of $2,547. The bears have taken control of the asset, and it has retraced to the low level of $2,479
According to CMC data, Ethereum is trading within the $2,532 range at press time, with its market cap reaching $305 billion. The asset’s daily trading volume has surged by over 32.62%, touching $13.67 billion. Moreover, the market has witnessed a liquidation of $36.24 million worth of Ethereum, as per Coinglass
Can Ethereum Shake Off the Bears and Reclaim Momentum?
The Moving Average Convergence Divergence (MACD) line and signal line of Ethereum have stationed below the zero line, which typically implies that the ongoing downside momentum and overall weak market sentiment. Additionally, Ethereum’s Chaikin Money Flow (CMF) indicator at 0.03 points out the mild buying pressure, and the money is slightly flowing into the asset
Contrarily, assuming the reversal, Ethereum might walk toward the bullish territory. It could likely mount and test the $2,550 resistance level. With the mighty bulls, the price may witness an upside correction, and the golden cross might take place to drive ETH to $2,577.
Furthermore, the altcoin’s Bull Bear Power (BBP) reading found at -5.12 indicates strong bearish pressure in the market, and the price is being pushed lower. The daily relative strength index (RSI) of Ethereum is resting at 53.53, suggesting neutral to slightly bullish momentum, and the asset is neither overbought nor oversold.
Highlighted Crypto News
XRP Sees a 134% Volume Surge, Can Bulls Keep It Alive for a Bigger Breakout?