Stock Groups

Ethereum preparing a ‘bear trap’ ahead of the Merge — ETH price to $4K next? -Breaking

[ad_1]

Ethereum preparing a ‘bear trap’ ahead of the Merge — ETH price to $4K next?

Ether, Ethereum’s native coin (ETH() continues to be exposed to downside risks in a higher interest rate environment. However, one analyst is concerned that the token could fall into a bear trap if the market continues to factor in. Possible release of the MergeThe August ahead

Ether could be worth $4,000 in 2022, AccordingTo a technical arrangement shared by Wolf (an independent market analyst).

Three-day price chart with ascending triangle configurations. Source: Wolf/TradingView