Ethereum holders have been drumming up a lot of excitement and interest as the Merge event nears. Whilst Ethereum is down 6.81% on the 24-hour time frame, ETH has still moved up 2.96% against Bitcoin.
Will Ethereum surpass the $2,000 price levels once again?
Ethereum Crypto Price Prediction 2022
Since November 2021 Ethereum has been in a macro-downtrend and has struggled to see sustenance beyond the 20-day moving average on the weekly time frame.
Many speculate Ethereum had already hit its bottom at $882 on the 18th June, this is a total correction of 81.67% from the all-time high of $4,871 set on the Coinbase exchange on the 10th November 2021.
Resilient investors who scooped up Ethereum at $882 would still be up by 80% today even with the persisting bearish sentiment in the crypto markets.
Just recently Ethereum lost a critical support level of $1,704 which has now been flipped into resistance. With the bears temporarily in control, there is a threat that we could see Ethereum...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...