BTC and ETH Monday Update

Written By Guest User

BTC is maintaining its uptrend once more. Over the weekend it tested support, however, rode that line fairly strongly. The MACD is trending upwards and the MFI is as well, so we may see continued growth after seeing a slight spike in price last night. The overall cryptocurrency market is nearing $2.9 trillion once more, while the overall volume has dipped below $100 billion to about $92 billion, and BTC dominance is at 43.2% while ETH dominance is at 19.5%.

ETH has also broken out of a short term consolidation pattern after testing a monthly area of support once more. Following BTC’s movement, both the MACD and the MFI look to be trending upwards on Ethereum’s 4 hour candle chart.

Guest User
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