Ethereum Merge Bull Exhaustion? | ETH Price Prediction

3,705 Views · Posted 2 years ago

🚀Claim your $500 welcome gift on Kucoin - one of the top 5 crypto exchanges in the world. Just click here: https://www.kucoin.com/ucenter/signup?rcode=t3632t

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

FREE TRADING SIGNALS https://t.me/AltcoinBuzzSignals
ALTCOIN BUZZ CHAT https://t.me/AltcoinBuzzChat
TOP CRYPTO NEWS https://www.altcoinbuzz.io
FREE NEWSLETTER http://eepurl.com/dnIEz1
TWITTER https://twitter.com/altcoinbuzzio
COINGECKO https://gcko.io/altcoin-buzz

🚀 FREE CRYPTO PROJECT EVALUATION CHECKLIST
Use this checklist to help you with the research and due diligence process for any crypto project.
https://bit.ly/altcoinbuzz-checklist

➖ DISCLAIMER ➖
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

bitcoin, cryptocurrency, crypto, altcoins, altcoin buzz, blockchain, best investment, top altcoins, altcoin, ethereum, eth, ethereum eth, crypto market, best altcoin buys, bitcoin crash, xrp, cardano, chainlink, 2022, ripple, buy bitcoin, buy ethereum, best cryptos to buy 2022, elon musk, bitboy, coin bureau, metaverse, altcoin daily, graham stephan, crypto market, biggest crash, bitcoin prediction, the fed, Web3, andrei jikh, crypto investing, merge, cnbc crypto, metaverse, august, bitcoin today, bitcoin price prediction, btc today, btc price, btc price prediction, bitcoin price, ethereum merge
eth merge

#ethereum #eth #merge

Video Tags

#altcoinbuzz, #ethereum, #eth, #ethcrypto, #ethereumcrypto, #ethtoken, #ethcoin, #ethmerge, #ethereumeth, #ethethereum, #ethereummerge, #ethbtc, #ethereumbitcoin, #bitcoinethereum, #btceth, #bitcoin, #btc, #bitcoinbtc, #btcdominance, #bitcoindominance, #ethbtcpair, #ethereumpriceprediction, #ethpriceprediction, #ethereumprice, #ethprice, #priceprediction, #technicalanalysis, #ethta, #ethereumta, #bitcointa, #btcta, #bitcoinprice, #btcprice, #cryptomarket

Posted By