ETH Continues Uptrend

Written By Guest User
ETH 4hr candle chart, approximately 2:30pm ET, 10/7/21.

ETH 4hr candle chart, approximately 2:30pm ET, 10/7/21.

Earlier today we saw that Ethereum held monthly support in its ratio to BTC. Not only did it find support there, but ETH is also finding itself continuing its uptrend in its dollar price as well.

BTC 4hr chart, approximately 2:45pm ET, 10/7/21.

BTC 4hr chart, approximately 2:45pm ET, 10/7/21.

The BTC chart is showing signs of slowing the current short-term downtrend on the MFI. Momentum is also showing potential signs of either holding and swinging upwards, or continuing downward if sell-side pressure were to get stronger.

Guest User
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