Bullish scenario for Eth/Usd; Rallying into the Merge

12 Agu 2022

As long as we stay above $1500; preferrably finding support at $1800; I'm keen on the idea of strength up into the multiple confluences around $2600; and into the 15th September Eth Merge event

~~Multiple Confluences:
~Eth Futures Gap (on CME Weekly chart)
~0.618 retracement level
~1.618 extension of the recent dynamic down leg
~roughly around the 50% level of the 2yr Range (2020-present)
~fundamental bullish driver being the upcoming Eth Merge; which should take place on the 15th-16th September.

Note: If it does pan out like this, and if we rally sharply into the Merge mid-September; i'd be sure to take profits there: 'Buy the rumor, sell the news' type of idea.