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

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