Ethereum (ETH) has fallen 7.5% in the last 24-hour period after the Merge update.
The long-awaited Merge update on Ethereum took place yesterday morning at TSI. The decrease in Ethereum price after the update brought to mind the thought of “buy the expectation, sell the news”.
Under normal conditions, Ethereum, which shows almost the same declining performance as Bitcoin price, 1.5% drop experienced a sharper decline and top 100 crypto most declining in money 6. cryptocurrency became the unit.
Ethereum Technical Analysis/ 1-Day Chart
Ethereum breaking down its 50-day moving average at the time of writing at $1,474 is being traded. With the approach of the Merge update, Ethereum, which diverged from many cryptocurrencies and doubled after the last drop, could not make a “higher peak” after its new bottom.
In case Ethereum continues its decline $1,410 and $1,270 levels are expected to work as a support, but if it rises from these levels, it goes to the “down” trend first and then 1,780 and 2,000 dollars levels are anticipated.
