Ethereum, the second most valuable cryptocurrency in the crypto money market after Bitcoin, continues the pricing of the “Merge” update to be made next month.
The date for Ethereum’s long-awaited Proof-of-Stake transition update has come to an end 80% in 30 days experienced a rise.
It is known that this rise in Ethereum is among the rules of the stock market. “Take the expectation, live the truthWill it be t-shaped? not yet known.
Ethereum Technical Analysis
The formation target of Ethereum, which broke the “bull flag” formation at the $ 1600 level to the upside 2,580 dollar levels. To go to this goal, Ethereum needs to break the important 2 resistances. 2250 dollars Ethereum, which has a 200-day moving average at At $2150 levels has resistance.
In case of a downward movement, the levels that Ethereum can receive support are; $1650, $1450, and $1260 are regions.
If the cryptocurrency, which has also approached resistance in the ETH/BTC parity, breaks these levels in a “volume” way, the price will want to go even higher.
However, at these levels 1800 dollars regression can be expected.
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