Ahead of the Merge update, $ETH will face an important test that will decide the foreseeable future of the asset
has entered the short-term local correction trend and will most likely be tested in the upcoming week as it reaches the important support level that stayed intact for the last 50 days. The drop below it will mark the continuation of theThe trendline support we have mentioned is the line that originated at around $1,400 and the bounce that happened on Ethereum after it.
In the upcoming week, one of the most expected scenarios is a reversal to the aforementioned trendline and yet another test for Buterin's coin, which will undergo a massive update around Sept. 15.today as the two main industries that bring the most revenue and value to the network, DeFi and NFT, are in a stalemate.Considering the past price performance of ETH, the second-biggest cryptocurrency has already priced the successful update to the new type of consensus mechanism.
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