ETH below $1,500, as bearish sentiment remains following Thursday's Merge.
Following a peak of $1,594.54 during yesterday’s session,The move saw ethereum approach, but not collide with, a key support point of $1,430, as bulls reentered to push prices higher.As of writing, the world’s second largest cryptocurrency continues to trade close to today’s bottom, which was its lowest point since August 29.
Many still believe a reversal could come, once this current red wave subsides, with the first target for bulls likely the recapture of the $1,500 region. Next week’s Federal Open Market Committee meeting will likely be a key test for prices, with the potential for a 100-basis point hike on the table. As such, many remain uncertain on how this will impact market confidence.Tags in this story
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