TA: Will Merge Sentiment Push Ethereum To $2,000?

TA: Will Merge Sentiment Push Ethereum To $2,000?


Ethereum prices surge from the low of $980 to a high of $1,743 with so much excitement as regards the merge coming up in a few weeks. With the monthly close, there have been high expectations for the Ethereum price to reach a region of $2,000 -$2,400.

Ethereum Weekly Chart

The Ethereum price surged from the low $1,012 to $1,743 after several weeks of a downtrend.

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There was a bit of relief bounce from Ethereum haven traded below the 50 & 200 Exponential moving average (EMA).

Ethereum Weekly Price Analysis | Source: ETHUSDT On Tradingview.com

Ethereum, as of writing, is trading at $1,580 after being rejected at $1,722; Ethereum could not break the weekly resistance ahead of it and closed below, which suggests bulls need

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