Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
- Ethereum Price Outlook: Ethereum recovers to $2000, but the downtrend remains
Ethereum network experienced liquidations worth $70 million over the past 24 hours, with the most notable being long positions totaling $58 million as of this report, according to CoinGlass data. Since the beginning of the week, total liquidations have reached $456 million.
On the weekly chart, the ETH/USDT pair is trading at $2055. The price remains below the 20-week exponential moving average (EMA) at $2999, and the moving average is trending downward, limiting any rebounds. The continued gap below this indicator confirms the bearish trend. To ease downward pressure, a weekly close above the EMA is required.
Daily Chart of ETH/USDT Pair
The RSI remains at 33, below the midline of 50, leaning toward oversold territory, indicating continued bearish momentum. The Stochastic (Stoch) indicator is at 16, in oversold territory, which may suggest a temporary pause in the decline, but this has not been confirmed yet. Immediate resistance levels are at $2107, followed by $2388. Support levels are at $1741, then at $1524.