The Ethereum market activity remains bullish, and ETH bulls have broken loose which is good news for investors, who are optimistic about the potential effects of one of the biggest events in the crypto world – the Merge – because it is so close at hand. Recent numbers indicate that the price of ETH has settled into a range between $1,614 and $1,679. When compared to the previous analysis, which suggested that the crypto traded between $1,595 and $1,655, this is a significant increase. Breaking the aforementioned level on the hourly chart would signal strong bullish momentum, potentially taking prices to $1,800. Market watchers predicted that bulls in the Ethereum market would try to reclaim the $1,950 high reached on August 17. Related Reading: Tamadoge Makes Noise – Is TAMA A Better Alternative To SOL? Chart: TradingView.com Ethereum (ETH) Finds Stability At $1,700 As of this writing, $1,670 is acting as a strong barrier, and $1,612 is responding as a solid entrenchment. In any case, the price seems to have found stability around $1,700. The Relative Strength Index for ETH is also very healthy right now. Positioned roughly in the middle of the gauge. To put it another way, the coin is neither being overbought nor oversold right now. In light of this, it’s possible that investors are feeling upbeat. This price movement is currently positive. Even though a sudden decline occurred on September 7, the bul...
