🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
Ethereum: Seeking Balance After the July Rally
Ethereum made headlines with an impressive rise of 54.8% in July, while it pulled back to the $3,523 level in the early days of August. ETH, which experienced a drop of over 4% on a daily basis, is showing indecisive signals on the technical side.
While some indicators signal a reversal from the overbought zone, on-chain data and institutional inflows maintain a strong stance. In particular, the net inflows from institutional wallets towards Ethereum indicate that confidence is sustained in the medium term despite a short-term correction.
Bitcoin's horizontal price action at $118,566 keeps the overall market sentiment cautious, while the next step for ETH investors is not clear.
However, one thing is clear: The moment of decision is approaching at these price levels.