The inflation data announced in the US, Celsius' bankruptcy application and the European Central Bank's statements on restriction or prohibition had a short-term negative impact on the market. Bitcoin, which started to decline as of the beginning of last week, fell to the 19,000 support and then started to rise again. The merge announcement from the Ethereum network and its rise of about 30% created significant activity in the entire crypto market.

Bitcoin is pricing in at $21,296 today, with a 2.41% gain in value in the morning. When we look at the 4-hour chart, Bitcoin, which has been in the same channel since the beginning of June, made an upward movement after testing the channel midband several times. We can say that the channel breakdown should be waited for the upward movement. We can also say that the 20,500 and 19,300 levels are working as important support levels with repeated confirmations and that approaching these levels can create opportunities.
 

Ethereum, which has fallen to $ 1000 levels with a very weak pricing since mid-May, continues to experience positive developments related to the expected merge. With the Gray Glacier upgrade following the successful conclusion of the trials on the testnets for Merge, the merge date was evaluated as positive, even if it was postponed. Last week, the September 19 date was talked about by Ethereum developers, which pushed the price up by 30%. The fact that Ethereum will restrict supply and reduce energy consumption by almost 99% increases the importance of merge. Most investors also think that Ethereum will differ from Bitcoin in price and will be quite valuable. Giving a clear date in such an environment has brought about a significant rise, especially in Ethereum.

Today, ETH, which gained 4.92% in the morning hours, is priced at $ 1404. As with almost the entire market, we were seeing a channel movement in Ethereum. However, with the news of merger, Ethereum made an upward movement of about 30% and rose to $ 1400 levels. In Ethereum, which broke the channel upwards, we can now say that the 1276 level can work as support and the next target is the $ 1700 level.

AVAX, which has gained 7.08% as of the morning hours, is priced at $ 18.70. After AVAX tested the channel midband several times in the channel it is in and broke it above and down, it started to test the channel resistance again, especially with the rise in Ethereum. Although AVAX, which has risen after testing the mid-channel band of $ 18 several times, is currently breaking the $ 22 level, we can say that 4-hour and daily closes should come above this level.

XRP, which gained 4.78% in the morning hours, is priced at $ 0.3595. Ripple, which made a channel movement between 0.3060-0.3560 with its strong decline at the end of June, is currently making an upward breakdown of the channel. With the breakdown of the channel, the next target is 0.3745, up 5%. XRP, which is in an upward trend when we examine it in short periods, may decline to the channel middle band at 0.33 levels if the channel cannot be broken and the trend breaks down.
 

LTC is trading at $57.65, up 3.34% as of morning hours. LTC, which spent the last 2 weeks with a weak pricing, broke the channel to the downside and fell to $ 45 levels. However, LTC, which achieved an increase of approximately 25% from the bottom with the upward movement in the market, first returned to the channel and then broke the channel middle band of 54.50 and continued its progress towards the upper band of the channel. In LTC, we can say that the critical level in the upward movement is the $60.60 level. In a possible reversal, the channel midband at 54.50 will serve as support.

LINK is pricing in at $6.66, up 4.92% today. LINK, like most coins, was in a channel movement. The channel at the 6.2 level started to rise with support from the middle band and then breaks the channel resistance of 6.54 for several periods. At the same time, LINK, which is in a falling triangle formation when viewed for a long time, tests the resistance in the triangle after the channel breakdown. A breakdown of this level could provide a significant uptrend.

BAT is trading at $0.40, up 4.04% as of morning hours. While BAT was about to break up the channel it has been in for a long time with a strong pricing, it experienced a 20% decline from the peak after a big selling movement and fell below the channel middle band. The positive mood in the market afterwards allowed BAT to rise above the channel mid-band and then move upwards without breaking, although it was tested several times. Although it sees a small resistance at 0.40 levels, it will move back to the upper band of 0.44 after the breakdown of the ratio.