ETH Rallies During Later Hours

Written By Guest User
Ethereum 4hr candle chart as of approximately 7pm ET, 9/15/21.

Ethereum 4hr candle chart as of approximately 7pm ET, 9/15/21.

Ethereum is continuing in its breakout pattern that it began after hitting a short-term bottom on Monday. The MFI much like BTC is well into overbought territory on the 4-hour chart. While Marketcipher is showing a continuation in upwards momentum. With these factors in mind, we may see some slight dips in the short term.

However, Ethereum shares some similarities on its daily candle chart to its older brother BTC.

Screen Shot 2021-09-15 at 7.45.21 PM.png

Here Ethereum forms a buy signal on Marketcipher, while the MFI is in a neutral range/downtrend.

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