The marketcap has been moving down (-0.90%) since yesterday. The total capitalization is 238 842 134 362 USD.
Bitcoin totals 157 259 326 850 USD of capitalization for a dominance of 66.00%. Ethereum’s marketcap is 20 282 899 388 USD, followed by Ripple with 11 635 421 711 USD.
Attempts to pass the $8,800 are accumulating but again a failure that has resulted in a return to the $8,600 level.
The level of 8600$ has been tested several times, we notice a buying force at this level but which is becoming less and less present. Possibility to see the price lower.
Be careful, it is not advisable to go back into position for the moment, wait for a return of $8,200 – $8,300 or a break of $9,150 is necessary.
A return on the resistance that resulted in a rapid rejection that brought the price down to the $184 level.
So the first resistance of $188 is present and as long as it is not broken, ETH cannot resume a positive evolution.
A return to the $175-180 zone is still possible and we recommend that you wait for a return to this zone before initiating a long position or a $193 break.
The daily technical situation is negative for ETH and BTC, so we recommend waiting for a return to support areas before opening a long position.
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