HomeGuidesAltcoin BuzzEthereum Merge Bull Exhaustion? | ETH Price Prediction

Ethereum Merge Bull Exhaustion? | ETH Price Prediction

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Ethereum and the ETH/USDT pair has taken the market by storm over the past few weeks, outperforming Bitcoin considerably as shown by the multiple weeks of green on ETH/BTC.
That being said, ETH/BTC is not yet in a weekly uptrend and the volume is slowing down significantly, suggesting this leg up may be ready for a retracement.

Add to that the fact that ETH/BTC’s current value of 0.078 is a value which it has struggled to get above multiple times ever since May 2021.

ETH/USDT is also showing signs of a slowing down in momentum. The RSI has struggled and failed multiple times to reach the overbought area despite multilpe higher highs in price. The daily chart has printed an inverted hammer candlestick which is arguably the most bearish candle of the past few weeks. The price is nearing the psychological $2000 resistance and we have previous market structure showing many pivot points around this price, suggesting the bulls may be slowing down here. Finally, the price action is in the pattern of an ascending wedge which is typically a bearish pattern.

⏱️ TIMESTAMPS
0:00 Ethereum Crypto Market Update
2:03 Ethereum Crypto Ecosystem
2:48 Bitcoin BTC Dominance Dropping
3:13 ETH/BTC Resistance Zone
4:13 Five Signs Indicating an ETH Slowdown
6:18 ETH Price Prediction
9:04 Final Thoughts ETH TA

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eth merge

#ethereum #eth #merge

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13 COMMENTS

  1. Great TA. The question is how the Merge affects everything once it actually happens. A 90% inflation reduction and EIP 1559 making ETH deflationary at that point…you would almost have to be dumb to dump in the short term.

  2. THE GOSPEL

    Moreover, brethren, I declare unto you the gospel which I preached unto you, which also

    ye have received, and wherein ye stand; 2 By which also ye are saved, if ye keep in memory what I preached unto you, unless ye have believed in vain. 3 For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures; 4 And that he was buried, and that he rose again the third day according to the scriptures:

    – 1 Corinthians 15: 1-4 KJV

    Greater love hath no man than this, that a man lay down his life for his friends. – John 15:13 KJV

    SAVALATION

    For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.

    – John 3:16 KJV

    For God sent not his Son into the world to condemn the world; but that the world through him might be saved. John 3:17

    Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.

    – John 14:6 KJV

    Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved. Acts 4:12

    For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life. Romans 5:10

    But he was wounded for our transgressions, he was bruised for our iniquities: the chastisement of our peace was upon him; and with his stripes we are healed. – Isaiah 53:5

    For by grace are ye saved through faith; and that not of yourselves: it is the gift of God: Not of works, lest any man should boast. Ephesians 2:8-9

    And saying, The time is fulfilled, and the kingdom of God is at hand: repent ye, and believe the gospel.

    – Mark 1:15 KJV

    He that believeth on the Son hath everlasting life: and he that believeth not the Son shall not see life; but the wrath of God abideth on him.

    – John 3:36 KJV

    Who hath saved us, and called us with an holy calling, not according to our works, but according to his own purpose and grace, which was given us in Christ Jesus before the world began. 2 Timothy 1:9

    For the Son of man is come to seek and to save that which was lost. Luke 19:10

    The Lord is not slack concerning his promise, as some men count slackness; but is longsuffering to us-ward, not willing that any should perish, but that all should come to repentance. 2 Peter 3:9

    He that believeth and is baptized shall be saved; but he that believeth not shall be damned. Mark 16:16

    For as in Adam all die, even so in Christ shall all be made alive. 1 Corinthians 15:22

    For scarcely for a righteous man will one die: yet peradventure for a good man some would even dare to die. But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Romans 5:7-8

    I am the door: by me if any man enter in, he shall be saved, and shall go in and out, and find pasture. John 10:9

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