This is a brief summary of the current market conditions analyzing Bitcoin and Ethereum.
• Bitcoin price analysis shows bulls and bears are battling today. After testing the lows for more than a month near $19,500, the buying interest emerges pushing the price back toward $20,000.
• Ethereum failed to gain pace above the $1,660 and $1,675 resistance levels.
ETH started a fresh decline and traded below the key $1,600 support zone.
The fresh trading week brings a slight recovery in the prices. The flagship cryptocurrency Bitcoin gained 1.24%, while Ethereum jumped 1.55% in the last 24 hours, but the global crypto market hasn’t been able to regain momentum.
The Fear and Gear Index read at 24 — indicating an extreme bearish sentiment.
According to the crypto-analysis firm CryptoQuant, 5,000 BTC with an age of approximately 7 to 10 years were transferred. Despite the significance of the transaction, it is a relatively small transfer for such an ancient wallet.
