ETH, post-merge, has taken traders and investors on a thrilling adventure. The value of Ethereum has decreased by a stunning 26.36 percent since the much-hyped Merge.<\/p>\n
The token\u2019s recovery from June to August was fully erased by this decrease and the market catastrophe on September 13.<\/p>\n
Fears of a further decline for the token\u00a0are palpable as the price struggles to break through the 61.80 Fib level, currently at $1,329, following the U.S. Federal Reserve\u2019s\u00a0interest rate hike announcement. This might indicate that prices will continue to fall.<\/p>\n
ETH On\u00a0A Downward Trajectory<\/p>\n
There was a precipitous drop in ETH\u2019s price from September 13-19, fairly dissimilar to the drop in May and June but far lower in magnitude.<\/p>\n
The result is the same, though; a dramatic drop in investor trust in both the token and the ecosystem as a whole.<\/p>\n
The ETH TVL hasn\u2019t improved much after the switch to proof-of-stake. It fell from $34.63 billion\u00a0to $30.38 billion\u00a0between September 13th and 19th, the same time period as last year, which is a\u00a0massive decline of 12.27%.<\/p>\n
As of this writing, the price of the coin oscillates above and below the $1,300<\/a> area. This can be understood as a continual conflict between bulls and bears.<\/p>\n Additionally, ETH encountered a rejection wick earlier today, September 26. However, this bearish trend could be short-lived.<\/p>\n Likelihood Of A Positive Price Momentum<\/p>\n ETH has shown indicators of possible positive momentum on the micro and macro levels as of today. This can serve as a glimmer of optimism for ETH traders and investors.<\/p>\n The Stoch relative strength index\u00a0has been increasing from oversold area. This indicates that the bulls are gathering momentum, which could propel ETH\u00a0past the $1,300 price resistance.<\/p>\n ETH has already accomplished this on both the micro and macro scales as of this writing.<\/p>\n On the 1-hour chart, Ethereum bulls are currently attempting to consolidate their position above the indicated resistance in order to convert it into a support. he momentum indicator is trending upwards.<\/p>\n However, this is likely merely a tiny pump-in cost. As the price fell 4.04% between the end of September 25 and the beginning of September 26, traders may be buying the dip.<\/p>\n This price decline may give day traders with an investment opportunity.<\/p>\n\n ETH total market cap at $162 billion on the daily chart | Source: TradingView.com<\/a><\/p>\n Featured image from CryptoMode, Chart: TradingView.com<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n ETH, post-merge, has taken traders and investors on a thrilling adventure. The value of Ethereum has decreased by a stunning 26.36 percent since the much-hyped Merge.<\/p>\n The token\u2019s recovery from June to August was fully erased by this decrease and the market catastrophe on September 13.<\/p>\n Fears of a further decline for the token\u00a0are palpable as the price struggles to break through the 61.80 Fib level, currently at $1,329, following the U.S. Federal Reserve\u2019s\u00a0interest rate hike announcement. This might indicate that prices will continue to fall.<\/p>\n ETH On\u00a0A Downward Trajectory<\/p>\n There was a precipitous drop in ETH\u2019s price from September 13-19, fairly dissimilar to the drop in May and June but far lower in magnitude.<\/p>\n The result is the same, though; a dramatic drop in investor trust in both the token and the ecosystem as a whole.<\/p>\n The ETH TVL hasn\u2019t improved much after the switch to proof-of-stake. It fell from $34.63 billion\u00a0to $30.38 billion\u00a0between September 13th and 19th, the same time period as last year, which is a\u00a0massive decline of 12.27%.<\/p>\n As of this writing, the price of the coin oscillates above and below the $1,300<\/a> area. This can be understood as a continual conflict between bulls and bears.<\/p>\n Additionally, ETH encountered a rejection wick earlier today, September 26. However, this bearish trend could be short-lived.<\/p>\n Likelihood Of A Positive Price Momentum<\/p>\n ETH has shown indicators of possible positive momentum on the micro and macro levels as of today. This can serve as a glimmer of optimism for ETH traders and investors.<\/p>\n The Stoch relative strength index\u00a0has been increasing from oversold area. This indicates that the bulls are gathering momentum, which could propel ETH\u00a0past the $1,300 price resistance.<\/p>\n ETH has already accomplished this on both the micro and macro scales as of this writing.<\/p>\n On the 1-hour chart, Ethereum bulls are currently attempting to consolidate their position above the indicated resistance in order to convert it into a support. he momentum indicator is trending upwards.<\/p>\n However, this is likely merely a tiny pump-in cost. As the price fell 4.04% between the end of September 25 and the beginning of September 26, traders may be buying the dip.<\/p>\n This price decline may give day traders with an investment opportunity.<\/p>\n ETH total market cap at $162 billion on the daily chart | Source: TradingView.com<\/a><\/p>\n