The ethereum merge is not giving the kind of results that many investors were actually expecting from the merge , many people were expecting a bullish ethereum after the announcement of the merge , instead of ethereum to be bullish as many people predicted, it went opposite of the prediction and now it is still trading at price of $1,311 at this moment.. .
Well I am optimistic that the ethereum will bounce back up again..
Well looking at the daily chart , the Macd is showing that it is currently on the bullish side on the daily time-frame , the price action on the market have not yet confirmed the bullish signal..
If the current daily candle can close above the highest price of the previous daily candle which is at a price of $1,333 , then that is when I can confidently go into the market and click the buy order without fear...
So let's wait for the current daily candle to close in the next 23 hours before we can make our trading decision..
