Ether bulls eye resistance at $3K as the network prepares to undergo ‘The Merge’ By Cointelegraph

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A new week in the cryptocurrency market has brought more of the same sideways price action that the wider ecosystem has experienced in recent months, as (BTC) continues to hold support near $41,000 while some analysts warn that high inflation and rising interest rates could see the top cryptocurrency fall to $30,000.

On the altcoin front, Ether (ETH) appears to be showing some signs of life as noted by cryptocurrency analyst Willy Woo, who recently tweeted that “Ether [is] setting up to break upwards out of a very long term, 3.5-month bearish trend line.”

ETH/USDT 1-day chart. Source: TradingView
4-hour chart. Source: Twitter (NYSE:)
ETH/USD 8-hour chart. Source: Twitter
ETH/USD 2-hour chart. Source: Twitter
1-day chart. Source: Twitter