This morning, Ethereum continued its overall decline with a weak consolidation after the pullback. In the early hours, it briefly rebounded above 2230 but did not form a new breakout. Subsequently, the market began to steadily retreat downward, with each rebound failing to reach the previous high, forming a clear pattern of lower highs. As it broke below the 2200 level in the early morning, the bearish momentum expanded, with the lowest retest near 2160. There was a somewhat decent support at that point, and currently, the market remains around 2170, fluctuating sideways. From the market rhythm perspective, this segment is not a simple sharp decline but rather a structural pullback after the high-level selling pressure was released. Especially after continuous dips, the rebounds lack strength, indicating that short-term market sentiment remains cautious, and there is little willingness to chase the rally. From the current market structure, the importance of the 2160 level lies not only in being the intraday low but also in being the first support after the previous decline, indicating that short-term funds are absorbing at this level. However, this support is not yet strong enough to push the market back into a bullish trend. The area around 2200 is the most critical resistance zone now because, from the trend connection, each rebound approaching this area has shown significant slowing, implying there are still substantial sell orders waiting to be released. If subsequent rebounds still cannot effectively stabilize above 2200, the market is likely to retest 2160 again. Once 2160 is broken again, the downward rhythm will extend toward around 2145. Conversely, only if the market truly breaks through and stabilizes above 2200 will there be a chance for the short-term to return to the above-2200 consolidation zone. Therefore, the subsequent trading strategy remains clear: mainly short on rebounds. #Gate广场四月发帖挑战 $ETH

Is the Ethereum Foundation selling tokens a scam or a strategic move? Once the news broke, the entire network exploded: the foundation sold 3,750 ETH. Retail investors' first reaction: It's over, it's going to crash. But don't rush to hit the sell button; let's look at it from a different perspective. The essence of the foundation isn't "big crypto trader," but "project operator." They sell tokens, often not because they are bearish, but to—cash flow. You can think of it as: a company selling stocks, which doesn't necessarily mean it's running away; it could be paying salaries, funding R&D, or supporting the team. What’s truly dangerous is: no one dares to sell. Because that would mean liquidity is drying up. On the other side, Bitcoin is quietly strengthening its fundamentals. If oil tanker transit fees really start to be paid in BTC, that would be a "real-world use case" materializing, and such a level of positive news is more solid than any hype. At the same time, institutional funds are entering. An ETF attracted $34 million on its first day, characterized by: slow, steady, but continuous inflows. Adding to this, market sentiment is extremely fearful, creating a classic combination: Bad news exhausted + extremely low sentiment + capital entering. When these three points appear simultaneously, it often means— The market may not rise immediately, but the downside has been limited. As for quantum risks? Currently, it’s more like a "story-level negative," with short-term impacts far less than market imagination. So, the key in this round isn’t "ETH to sell or not," but: Who is buying? Who is using? In one sentence: Sellers are operators, buyers are the future. Leaving a question 👇 👉 If you were the foundation, would you choose to sell now or wait for a higher price? #BTC突破71000美元

4.10 Morning Bitcoin Analysis Yesterday, Bitcoin bottomed out at 70428, then experienced a V-shaped rebound, reaching a high of 73128, followed by a rapid decline, oscillating between 71500-72000. During the rebound phase, trading volume was sufficient; during the pullback, volume shrank. The bulls are leading the market, with limited selling pressure from the bears. The forces of bulls and bears are temporarily balanced, awaiting a direction choice. Support levels below: 71500-70500-70000. If the pullback stabilizes and support is confirmed, consider light positions for long entries. Resistance levels above: 72000-72600-73200. If attempting to break through resistance but unable to do so, consider light positions for short entries. Currently, the bulls are leading the market, mainly buying on dips. High-altitude short positions are only auxiliary. Strictly control position sizes to avoid heavy holdings $BTC $ETH #Gate上线Pre-IPOs #加密市场小幅下跌 #原油小幅上涨 #美伊停火协议谈判再生变故