BTC and ETH Attempt To Hold Higher Support

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BTC is currently testing an area of higher support as it attempts to hold and push higher.

If it keeps attempting to push higher while holding higher support, we may start to see a more definitive recovery. The MFI is currently attempting to swing upwards, but it wouldn’t be surprising if it makes an attempt at testing lower.

The MACD is also making an attempt at swinging upwards as well. At the time of posting, the overall cryptocurrency market is worth just below $2.4 trillion, and the overall market volume is around $104 billion.

BTC dominance is at 40.1% while ETH dominance is up to 21.9%.

ETH is preparing to test another line of resistance as well. It’s MACD and MFI are showing similar patterns to BTC’s. If ETH continues claiming larger portions of market dominance and buy-side pressure, it wouldn’t be too surprising if we see a breakout if pushed and held past areas of resistance.