The Merge has concluded, however, ETH didn’t manage to reclaim the loss from the CPI panic selling. According to the stats today, only by holding up on $1665.56 could it stabilize.
The whole movement is stronger than BTC. The key support is at $1482.37. If it’s broken, this target point will turn into a resistance and bears will take control.
Monitor the key support of BTC. It’ll affect ETH to some extent.
The long-term bullish support channel is the core support area, where the price is usually kicked back upon drops.