The price of Ethereum (ETH) looks strong and shows more strength against tether (USDT), holding up compared to Bitcoin (BTC). The price of ETH is anticipated to move with more bullish sentiment circulating as we edge closer to “The Merge.” (Data from Binance) Related Reading: ATOM Expands Over 25% In Last Week, Keeps Bullish Run Since Mid-June Ethereum (ETH) Price Analysis On The Weekly Chart The price of ETH closed the week with so much mixed sentiment ahead of the upcoming “Ethereum Merge,” with so many bullish signs lately. ETH’s price was rejected from $2,000 after rallying from a low of $1,030 as the price continued to outperform BTC. The price of ETH saw a weekly low of $1,400 before bouncing this area as it is seen as an area of demand for many buyers and investors. ETH price could be poised to make another rally as it edges closer to its intended merge, and this could positively impact the price of other altcoins as they would enjoy a measure of a relief rally in the coming days. Weekly resistance for the price of ETH – $1,900. Weekly support for the price of ETH – $1,400. Price Analysis Of ETH On The Daily (1D) Chart After successfully breaking out of the daily bullish flag, the ETH price is set for a rally as the price looks more promising compared to recent weeks. With more buy order volume, the price could rally to a high of $1,900, where it will face resistance. For ETH...
