Can ETH keep rising until the POS merge? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
The rate of Ethereum keeps rising, going up by almost 3% since yesterday.
On the local time frame, Ethereum is approaching the resistance level at $1,778. Even though the daily ATR has passed, a closure nearOn the bigger chart, the situation is also bullish as the candle is about to close near yesterday's peak at $1,789. If that happens and sellers cannot seize the initiative, there is a high chance to see a test of the mirror level at $1,819 shortly.
The weekly chart confirms the bullish midterm trend as the candle has a good chance to close above the vital $1,721 level. However, one should not expect further sharp growth as the leading altcoin might need more time to get power for a continued move.
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