The marketcap has been moving up (+0.3%) since yesterday. The total capitalization is 252 682 210 013 USD.
Bitcoin totals 160 875 732 655 USD of capitalization for a dominance of 63.70%. Ethereum’s marketcap is 24 811 762 303 USD, followed by Ripple with 10 356 835 940 USD.
Bitcoin Analysis
Bitcoin closed lower, trading around $8770. It is trading in range for the moment.
The daily technical situation is rather positive, with the WaveTrends which has crossed higher and is still positive over a 4 hour time horizon.
What to do about it?
The prudent trader will wait for a test of the 8531$ Monthly Open or the 8969$ which serves as a resistance for the moment.
- The supports of the day are at 8500$ — 8100$
- The resistances of the day are at 8969$ — 9100$
Ethereum Analysis
ETH closed lower, trading around $224.
The technical situation is negative and becomes uncertain over a short time horizon.
What can we do about it?
As with the BTC, ETH needs a test of its supports and resistances before positioning itself to buy or sell.
- The supports of the day are at 217$ — 209$
- The resistances of the day are at 235$ — 250$
Conclusion
The daily technical situation is different for ETH and BTC.
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