Bitcoin, Ethereum Technical Analysis: BTC Extends Gains, ETH Consolidates Ahead of The Merge – Market Updates Bitcoin News

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ETH falls from 3-week high as prices consolidate ahead of The Merge.

/USD rose to a high of $22,244.38 earlier in today’s session, less than 24 hours after trading at a low of $21,493.03.

Today’s rally sees the token now up by over 12% in the last seven days, with some expecting further surges this week.Looking at the chart, the recent bullish momentum has led to price strength moving towards overbought territory. As of writing, the 14-day relative strength index is currently tracking at 59.67, and this comes following a recent breakout of the 55.40 resistance point.

In addition to this, the 10-day moving average is now on the cusp of a cross with its 25-day counterpart, which could signal further surges in price.

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da_sooty

I started to think that after the merge the price may dump so I already prepared a bag of usdt to catch it low if it happens

𝐀𝐟𝐭𝐞𝐫 𝐭𝐡𝐞 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐚𝐧𝐝 𝐠𝐮𝐢𝐥𝐝 𝐥𝐢𝐧𝐞 𝐨𝐟 mr Tyronbfx_21 𝐈 𝐰𝐚𝐬 𝐚𝐛𝐥𝐞 𝐭𝐨 𝐢𝐧𝐯𝐞𝐬𝐭 €1500 𝐚𝐧𝐝 𝐦𝐚𝐝𝐞 𝐚 𝐩𝐫𝐨𝐟𝐢𝐭 𝐨𝐟 €15,550 𝐚𝐥𝐥 𝐭𝐡𝐚𝐧𝐤𝐬 𝐭𝐨 𝐲𝐨𝐮 𝐚𝐧𝐝 𝐲𝐨𝐮𝐫 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦

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🚀 Thnks a millon.

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