In contrast to Bitcoin, the price of Ethereum (ETH) appears to be holding up well and is more volatile against the Tether (USDT) currency (BTC). As "The Merge" draws nearer, it is projected that the price of ETH will increase due to the current bullish sentiment. Ahead of the approaching "Ethereum Merge," with so many strong indicators recently, the price of ETH concluded the week with such mixed sentiment, ETH's price declined from $2,000 after bouncing back from a low price of about $1,000 and outperforming BTC.

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Due to the fact that many investors and purchasers view this location as being in high demand, the price of ETH bounced back from its weekly low of $1,400. As it gets closer to its planned merge, the price of ETH may be poised for another rally. This could have a favorable effect on the price of other altcoins because they would experience a small relief rally over the next few days.

The price of ETH is poised for a rally after successfully breaking out of the daily increase, as it now appears more promising than in recent weeks. Price could increase to a high of $1,900 before running into resistance with increasing purchase order volume. The resistance of $1,980 must be reversed in order for the price of ETH to trend upward and stop at that level. If ETH maintains this increase, we might see a stronger bullish bias in its price; however, if ETH does not, we might see the price retesting the support levels that have prevented it from falling further.
Recently, there has been solid volume for the price of ETH, and as more buy orders increase, the price will rise.

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