Ethereum Holds Support and Consolidates

ETH 4hr candle chart, approximately 9:40am ET, 9/28/21.

ETH 4hr candle chart, approximately 9:40am ET, 9/28/21.

Ethereum is still maintaining support above $2700 and holding an 18.4% dominance on the market in comparison to BTC’s 42.4% dominance. While it’s still down 4% for the day, Ethereum is showing strong signs of consolidation in this range.

ETH/BTC ratio approximately 10:30am ET, 9/28/21.

ETH/BTC ratio approximately 10:30am ET, 9/28/21.

ETH is still holding in its ratio to BTC above lines of support, and finding new lines of resistance.

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