Ethereum ETHUSD Ahead Of The Merge

The Ethereum Merge is expected to be completed in less than 48 hours. While the Merge will bring a supply reduction that could positively impact ETH’s price in the long term, it’s possible that the Merge could become a “sell the news” event that leads to a selloff after the fact.

However, the Ethereum price ETHUSD is showing some strength on the 30 mins chart after confirming am inverted head and shoulders with a minimum target of $1760 - $1770 resistance levels.