How Will 'The Merge' Impact Ethereum?
As predicted yesterday, Ethereum saw great support at $1547, confirmed by multiple green triangles on the KRI. We are currently ranging, bouncing back and forth between this level and $1653. Recall that $1653 is the first of a series of resistance levels which extend through the $1700's. These are sure to provide resistance unless serious momentum comes through. We are seeing the anticipated lack of enthusiasm over 'the merge' which happened about 4 hours ago at the time of this writing.
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