Ethereum Protects $1,200 with Blood, Will This Region Hold?

Ethereum Protects $1,200 with Blood, Will This Region Hold?

ETH price holds above $1,200 as bulls don’t want to let go of a price below key support  Price continues to trade below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe.  ETH price bounced on the four-hourly chart after a bullish divergence appeared.

The price of Ethereum (ETH) has shown less bullish sentiment after its much anticipated “Ethereum Merge.” Ethereum saw its price plummet against tether (USDT) following the Federal Open Market Committee news (FOMC). The Federal Reserve raised its target interest rate by 75 bps, negatively affecting the price of ETH. (Data from Binance)

Ethereum (ETH) Price Analysis On The Weekly Chart 

Trending: Banks Already Restricting Cash Withdrawals In USA?

The price of ETH continues to struggle to keep its head afloat after seeing the weekly candle

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