Ethereum Continues its Consolidation Pattern

Written By Guest User
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ETH is continuing its consolidation pattern after testing a bottom above $3,900 once more. The MFI is nearing overbought territory, however, the MACD looks like momentum and EMA lines are looking to swing upwards. Lower support remains strong, and it looks like ETH could keep testing areas of resistance in this range before attempting to test the ATH once more.

Coinmarketcap.com, approximately 3:24pm ET, 10/25/21.

Coinmarketcap.com, approximately 3:24pm ET, 10/25/21.

After BTC’s most recent rally to new all-time highs, profits from its runs have started to flow into other protocols. You can see this with a further decrease in BTC dominance over the weekend and an increase in ETH dominance to 19%. The overall cryptocurrency market cap is holding fairly steady around $2.6 trillion.

Guest User
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