Ether Breaks $1.6K on Merge Hype, Crypto Funds Price in July Rate Hike

“There are three major price zones that we are watching. The major upside resistance zone is at $28,000. This area was the low from 2021 and acted as support in the summer of 2021,” Tedeschi said. “However, if bitcoin falls below the $18,000 zone, the major level of support is around $12,000, which is where the 2020 breakout zone is.”