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Even though the Ethereum Merge was completed successfully, holders of Ethereum were disappointed by the currency’s price after the merger.<a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" rel="noopener noreferrer nofollow">Ethereum’s price</a> has decreased by 15.30% over the past 48 hours and is currently trading at $1,422.Numerous technological signs indicate the possibility of an Ether bounce at this point, but it will take a lot of power for the bulls to retake the $1,700 price levels.As prices break to the downside of an asymmetric triangle, signalling a fall to the next support level, the daily timeframe for ETH prices continues to decline. As prices range in this area, it is good for bulls to build more long positions.Ethereum’s milestone merging event does not ease its problems. Despite user expectations, the price of Ethereum has continued to fall. According to analysts, Ethereum faces a 55% decline against Bitcoin. If this occurs, the Ethereum market would suffer greatly.Ethereum’s performance has maintained a losing trend. This currency has lost 2.90% in the last 24 hours, according to the most recent changes. In comparison, the losses over the prior seven days have been around 16.22%.This area appears to be a good one for more buy orders and demand. We may be able to trade higher to an area of $1,630 if the price of ETH holds this support. The price of Ethereum would drop to a region between $1,300 and $1,200 if it breaks and closes below $1,400 on the daily timeframe.On a daily basis, the price of ETH is now trading around $1,430, which is below the 50 and 200 Exponential Moving Averages (EMA), which function as resistance for the ETH price. The price of ETH at $1,665 and $2,050 correlates to resistance at the 50 and 200 EMA. For ETH to have a better chance of rising to $2,000, it must retake the 50 EMA; for ETH to have a better chance of recovering the 50 EMA, it must maintain $1,400 support.On the daily chart the Head and Shoulder pattern is formed and the neckline is breached and the coin is trading below it. According to pattern calculation the first target may be near around $1250. If ETH holds this level then recovery can be seen. If ETH fails to hold this level then price may touch near the 52 week low.Ethereum price analysis on the 4-hour chart shows that prices have remained over $1400 in recent hours. The bears have been persistent in their attempts to push prices lower, but they have been unable to breach the important support level of $1400. To maintain the uptrend, bulls must raise prices over $1600.The bulging Bollinger bands indicate that market volatility is now high. The Bollinger band indicator’s upper band is at $1,680, while the lower band is at $1,375. Prices might go in either way if the present consolidation period is broken.The RSI is below 30, indicating that the market is oversold. This indicates that the market is ready for a rally to the upside. As the MACD line begins to rise above the signal line, the downward trend is losing momentum. Prices might resume their upward trend if there is a crossing.According to Price Analysis, The market capitalization of this ETH is estimated to be $175,287,998,651. The 24-hour trading volume for the same coin is around $15,462,865,302. ETH market capitalization has fallen by 2.74%. However, trade volume decreased by 35.83% during intraday trading. The market capitalization to volume ratio is 0.08815.The first resistance level is seen at $1480. The next significant obstacle is found at $1520. A break above the $1520 barrier level might signal the beginning of a new rising trend. In the aforementioned scenario, the price may rise to $1580. Any more gains might push the price above the $1660 level.If ETH fails to start a recovery phase over the $1480 resistance level, it may continue to fall.On the downside, $1400 provides major support. The next significant support level is $1350. A decisive break below $1350 might open the door for a move towards $1290.KEY LEVELS :RESISTANCE LEVEL : $1480-$1520SUPPORT LEVEL : $1400-$1350<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c908e3a5b17f48c6bca81ef93eeedc07.png" />Bought the Rumour and Sold the News will be correct following the successful ETH merger. What are your thoughts about this remark?Get more crypto related updates on ;-<a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow"> https://www.coingabbar.com/en/crypto-news-english</a>

ETHEREUM PRICE ANALYSIS : After a successful merger, the price of ETH is trading around $1400. why?

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