Market Analysis of April 03, 2020

The marketcap has been moving up (+3.55%) since yesterday. The total capitalization is 193 189 459 693 USD.

Bitcoin totals 126 715 529 091 USD of capitalization for a dominance of 65.50%. Ethereum’s marketcap is 15 964 970 847 USD, followed by Ripple with 7 940 722 350 USD.

Market Sentiment

Bitcoin Analysis

Bitcoin closed higher, trading around $6,924.

The daily technical situation is positive and the rest in 4 hours.

What to do about it?

The BTC is below resistance and we have to wait for a new test of $7000.

Ethereum Analysis

ETH closed higher and is trading around $144.

The daily technical situation is positive and remains positive in 4 hours.

What can we do about it?

ETH is below its $146.4 resistance and it is not recommended to trade in this situation. We have to wait for a test and see the reaction.

Conclusion

The daily technical situation is still positive for ETH and BTC.

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