Ether bulls eye resistance at $3K as the network prepares to undergo 'The Merge'

Ether's price is staring down a crucial resistance zone that traders say needs to be breached to sustain the bullish impulse. 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 Bitcoin (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. 

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