Ethereum (ETH) Price Tries To Breach $1,800 Resistance, Guns For $2,000

Ethereum (ETH) Price Tries To Breach $1,800 Resistance, Guns For $2,000

Ethereum rallied from the hype generated by the Merge announcement. Although this is recent news, ETH already hit the $2,000 mark after the bearish July market. 

After over a month of price increases, ETH’s price closed in on the $2,000 mark. One of its highest since the entire crypto market crashed. However, the most recent rally has placed confidence in investors and traders alike. 

The Highly-Anticipated Merge

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The rally was because of the recent ETH Merge announcements that has been the talk of crypto traders around the world. This move, according to Ethereum co-founder Vitalik Buterin, will bring efficiency to the network and reduce overall carbon footprint. 

These types of announcements however boost the confidence of traders and investors pushing the price up. 


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