Of course you cannot predict the future but statistics-wise, I ammore inclined to see ETH drop again rather than see it break up to new ATHs...
We have 4-5 candles to go to see the immediate effects of the Merge.Could turn uit to be a hype-pump as there are no real good long-term news for the economy. (Who will buy crypto when people are worriedabout food shortage...
I was previously long on ETh and i still believe it. ETH is in ascending channel but before moving further may need correction. If bulls manage to break the resistance line of ascending channel then there is chance of meeting the $3000 price for ETH.
If direction reverses and break EMA then it may drop to support line of ascending channel.
