Contradicting notions were all over the crypto-market. With Ethereum [ETH], Bitcoin [BTC], Solana [SOL], and a few other assets painted in green, almost all the other coins were drowned in the red sea. The top two largest coins were making the most of the remaining bullish sentiment.
Bitcoin [BTC] was finally back in its form. The king coin, after a long and hard struggle, managed to hit $60K. However, during the time of writing, the asset slipped back to $59K. The coin’s market cap was seen soaring to $1.11 trillion. Solana [SOL] was the star of today’s market. The altcoin, despite being fairly new to the market, was faring much better than several other assets. With a 6.12% surge in the last 24-hours, SOL was trading for $159, at press time.
Now, coming to Ethereum [ETH], the asset was just behind SOL in terms of daily price change. The altcoin was inching closer towards $4K and the bulls were providing the necessary ammunition for the same. At the time of writing, ETH was trading for $3,777 with a 4.16%.
Etheruem [ETH] and Bitcoin [BTC] remain unbeatable with regard to market cap. Both these assets had taken a seat as the first and the second largest cryptocurrencies and had no plans of relocating. Ethereum with a market cap of $445.6 billion stood as the 2nd largest cryptocurrency.
Ethereum [ETH] one-day price chart on Binance
The one-day price chart of ETH harbored the bulls and ousted the bears. The Parabolic SAR indicator recently underwent a transformation as it slipped below the price candles. The dotted lines below the candlesticks stood as support against any possible downtrend. The Chaikin Money Flow [CMF] indicator remained intact in the bullish arena over the zero median.
The Relative Strength Index [RSI] indicator announced that the altcoin was being excessively purchased.