u.today
The new week has started in a neutral mode on the cryptocurrency market, according to CoinMarketCap.
$BTC/USD
The price of Bitcoin ($BTC) has fallen by 0.79% over the last 24 hours.
On the daily chart, the rate of $BTC is trading sideways as it is far from the support and resistance levels. As none of the sides has seized the initiative yet, ongoing consolidation in the range of $50,500-$52,000 is the more likely scenario for the next few days.
Bitcoin is trading at $51,298 at press time.
$ETH/USD
Ethereum ($ETH) has not followed the drop of $BTC, going up by 0.59% since yesterday.
The price of $ETH has made a false breakout of yesterday's bar's peak at $3,120. At the moment, one should pay attention to the candle's closure. If buyers can get back in the game, there is a chance to see a breakout, followed by a further rise to the $3,200 zone.
Ethereum is trading at $3,074 at press time.