🗒 Gate.io Suggested Topics Posting Event: #Ethereum Pectra Upgrade#
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The Ethereum Pectra upgrade goes live on May 7, bringing improved account features, better validator experience, and L2 support. Will it boost ETH’s price? Share your thoughts, predictions, and trading strategy with #Ethereum Pectra Upgrade# for a chance to win $50!
⏰ Event Time: May 6, 4:00 AM - May 7, 4:00 AM (UTC)
⚠️ Notes: Plagiarism is prohibited; original content is encouraged.
Market analysis
Direction: Short positions (Utilizing 1-hour moving average resistance + 15-minute oversold rebound)
Entry point: 85,000-85,200 USDT (Get on board at EMA14/psychological level)
Take profit targets:
First target: 84,200 (previous low, reduce position by 50%);
Second target: 83,500 (EMA30 moving average support, move stop loss to break even).
Stop loss point: 85,500 USDT (EMA4 moving average + 1.7% increase, to prevent trend reversal).