Where will ethereum go before the merge?

1 year ago
6

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A half-hearted celebration for Ethereum enthusiasts - With The Merge now just days away, Ethereum is still trading below $1,900. After rising more than 130%, the price has been rejected at weekly resistance. Despite Bitcoin's recent fall, Ether is showing strength and looks to be on its way back up. The party could quickly be spoiled if Ethereum's price falls again. Can the price still rise after The Merge?

ETHER STILL BEARISH ON A WEEKLY BASIS
Despite the recent rise experienced on Ethereum leading the asset to $2,000 (+130%), this asset remains bearish in weekly time unit. With The Merge just days away, the event could be sold by speculators, and that would not be illogical graphically.

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