The entire crypto market was trying to oust the bear and welcome the bull. While assets like Ethereum [ETH], Polkadot [DOT], Uniswap [UNI] and several other coins were already well settled in the bullish arena, a few others like Bitcoin [BTC], Cardano [ADA], and Dogecoin [DOGE] were still trying to break off strong resistance lines.
The overall market cap of the crypto-verse was at $1.59 trillion with a 1.91% surge over the last 24-hours. Bitcoin’s market cap accounted for most of this at least $716 billion. Bitcoin persisted in its supremacy, however, the coin noted a slight drop in terms of price.
Ethereum [ETH], the second-largest cryptocurrency, was priced at $2,621, during the time of writing. Over the last 24-hours, the altcoin managed to surge up by 4.48% and the previous seven days proved to be great for the asset as it rose by 13%.
The market cap of the asset was at $308 billion which further helped the altcoin retain itself as the second-largest crypto asset. The disparity between the second largest and the third-largest asset was so high that the chances of the latter taking over the former were bleak.
Ethereum [ETH] one-hour price chart on Binance
The short-term price chart of ETH on Binance noted a tussle between both the bear and the bull. While the ongoing sentiment in the overall market was inclined towards the bull, Ethereum was seen hoarding both the bull and the bear. The Awesome Oscillator indicator rolled out red closing bars which suggested that the bear was here to stay.
However, the Chaikin Money Flow [CMF] indicator was still residing in the bullish arena. The marker was seen gliding below the zero median onto the bearish side. Therefore, the asset could witness a potential plummet.
In addition to this, the Relative Strength Index [RSI] remained still under the 50 median margin noting a sellers’ market.