Though it suffered a bearish stint recently, ETH appears to be on an upward trajectory in the broader time frame.
The cryptocurrency recently fell to the trendline following reactions to the US CPI data yesterday but has reacted well with the trendline. Buoyed by the upward-facing line, Ether currently coasts around the $1,600 low support a few hours to the Merge.
As highlighted already, the Merge should introduce significant volatility for ETH and possibly trigger a surge. However, the critical target level for bulls is the $1,800 mark, followed by the psychological $2,000 figure. As excitement for the Merge peaks, the coming hours and days promise to be fiery for the market.
Meanwhile, my resistance levels are $1,600, $1,700, and $1,800, and my support levels are $1,500, $1,400, and $1,265.
Total Market Capitalization: $992.7 billion
Ethereum Market Capitalization: $195 billion
Ethereum Dominance: 19.6%
Market Rank: #2
The cryptocurrency recently fell to the trendline following reactions to the US CPI data yesterday but has reacted well with the trendline. Buoyed by the upward-facing line, Ether currently coasts around the $1,600 low support a few hours to the Merge.
As highlighted already, the Merge should introduce significant volatility for ETH and possibly trigger a surge. However, the critical target level for bulls is the $1,800 mark, followed by the psychological $2,000 figure. As excitement for the Merge peaks, the coming hours and days promise to be fiery for the market.
Meanwhile, my resistance levels are $1,600, $1,700, and $1,800, and my support levels are $1,500, $1,400, and $1,265.
Total Market Capitalization: $992.7 billion
Ethereum Market Capitalization: $195 billion
Ethereum Dominance: 19.6%
Market Rank: #2