Will Ethereum Price Reach $4K as ETH Merge Closes In or Will It Decline?

How-high-can-$ETH-go-leading-in-to-the-merge
  • ETH may reach new ATH
  • Ethereum is close to breaking $2000
  • Developers aim to complete ETH merge on September 19, 2022

As days go by, the most anticipated Ethereum merge comes closer. The cryptocurrency developers are forecasted to complete the merge on September 19, 2022.

The event thrilled traders and crypto analysts about the potential surge of the price of ETH in the coming days. Some are bullish that ETH may reach new ATH, while others hold their horses while waiting for the final result.

Source: TradingView

Despite the bearish market, Ethereum is able to prevail in defying the dragging behavior of the falling market. In other words, Ethereum continues to maintain its uptrend position, which made it reach the bullish price of nearly $2000 per crypto. 

Based on the chart above, we can see that ETH keeps breaking one resistance to another, a bullish indicator. If this continues, there is a big possibility that ETH may destroy the $2000 resistance level in no time. 

Another bright side of the crypto is the bullish momentum of both RSI and MACD. In detail, Both indicators show good trading positions in the past few days. If this uptrend phase keeps on, traders and investors may experience an ETH bull run sooner than expected.  

Based on the analysis made by CNL price experts, ETH prices may hit $3000 to $4000 before the year ends. There is a big chance that this price boost will happen if ETH developers can launch ETH merge on the stated date.     

Disclaimer: The views and opinions in this article belong to the writer alone, and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.

Tags:
disclaimer read more

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.