Is ETH’s MFI Finding Support

Written By Guest User
ETH 4 hour candle chart, 10am ET, 11/5/21.

ETH 4 hour candle chart, 10am ET, 11/5/21.

ETH is attempting to find support on its MFI and momentum on the MACD is looking like it could swing upward if ETH continues holding higher supports.

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BTC is holding new shorter-term support as it tests the area. The MFI is nearing oversold territory and the MACD could be preparing to hold here, however, it may swing slightly lower in the short term, and there is always the chance that the MFI continue its trend slightly lower in the short term.

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