Ethereum Protects $1,200 with Blood, Will This Region Hold?

ETH price holds above $1,200 as bulls don’t want to let go of a price below key support 
Price continues to trade below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe. 
ETH price bounced on the four-hourly chart after a bullish divergence appeared.The price of Ethereum (ETH) has shown less bullish sentiment after its much anticipated “Ethereum Merge.” Ethereum saw its price plummet against tether (USDT) following the Federal Open Market Committee