The marketcap has been moving up (+3.73%) since yesterday. The total capitalization is 247 576 089 179 USD.
Bitcoin totals 163 580 359 791 USD of capitalization for a dominance of 66.10%. Ethereum’s marketcap is 18 812 177 429 USD, followed by Ripple with 10 179 235 223USD.
Market Sentiment
HOW TO READ THE MARKET SENTIMENT ?
Bitcoin Analysis
Bitcoin closed higher and is currently trading around $8994 above the Weekly Open.
The daily technical situation is positive and remains positive over a 4 hour time horizon.
What to do about it?
A test of $9,200 is quite possible, a rejection until the Weekly Open is also a scenario not to be ruled out.
- The supports of the day are at 8600$ — 8250$
- The resistances of the day are at 9200$ — 9500$
Ethereum Analysis
ETH closed higher and is currently trading around $171.7 above its Weekly Open.
The daily technical situation is positive and the rest is on a short time horizon.
What can be done?
Wait for a return to support or resistance.
- The supports of the day are at 169$ — 166$
- The resistances of the day are at 173.75$ — 178$
Conclusion
The daily technical situation is positive for ETH and BTC
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