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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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- 🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
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Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd - 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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If Ethereum Breaks This Resistance In Bitcoin Parity, Altcoin Rally Starts!
Altcoin investors' eyes turned to Ethereum.
The altcoin season has been expected for a long time in the crypto money industry. In recent days, the rises of some altcoins seem to have increased the hopes of investors for an altcoin rally again.
The huge rises in the market values of products such as BCH, XVG, COMP and LTC, naturally, caused the FOMO on altcoins to flare up.
As of now, the eyes of the whales have turned to the Ethereum / Bitcoin parity. ETH's holding at a critical level in BTC parity makes altcoin rally possibilities stronger.
Will Ethereum (ETH) Ignite the Rally in Altcoins?
At the time of writing our news, the leading altcoin Ethereum (ETH) is trading at 0.06322 BTC levels. ETH's holding on the 0.06221 BTC support is of great importance.
Receiving a small reaction from this support level last week, Ethereum seems likely to experience an increase up to 0.06894 BTC levels, which is the falling trend level this week.
Ethereum, which has not been able to break this falling trend since the summer of 2022, will gain value up to 0.08562 BTC, which is the major resistance level, if it exceeds 0.06894 BTC levels.
If such a scenario occurs, altcoins are expected to experience huge rises. Many altcoins are still trading 90 percent behind their peak levels.
Ethereum (ETH) may ignite the altcoin rally that investors have been waiting for in the coming periods.
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