The Ethereum Merge After Effect, Can $880 Hold the Bears?
The ETH Merge is completed but what do you think the after effect could lead to? Its obvious that the current market state will not support .I do see a Dump loading!
We see that since ETH price last leg down visit to support at $880 Back in July 18 2022, Buyers has managed to get a little recovery to over 2k But that only lead to a sideways market as we currently see Ethereum price returning back to that support range meaning no bottom is confirmed yet. The 4hrs chart wont be a smooth ride because of the current trading range is still in play
First I do see an attack of the 10040 support level after which the sellers are likely to give the buyers a chance for a mini bounce back to retest the broken support of $1330 but this bounce is also likely going to $880. But If the weekly chart looks this bad after the Merge, What will the coming three months look like?
<p>Lets look at the higher timeframe to get a bigger picture and see the forest for the trees.</p>
last leg down before the pump coming November to January 2023.
my Short TA 1st 1k, 2nd $880 and 3rd...?
My bigger question remains, will $880 hold these sellers?
Let me know your thoughts.
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