TOTALES, the market cap index excluding stablecoins, closed above a resistance level watched for several weeks, with a target zone between 2,580 and 2,600 billion dollars. Bitcoin is approaching its May high after building a reversal structure, though it has not yet set a new all-time high. Altcoins are showing superior relative strength compared to BTC: comparative indices have broken out of a long-term bearish channel and Ethereum is moving toward 2,800 dollars. Holding recently reclaimed support levels is now the key benchmark to confirm this bullish momentum.
Source: Read the original article
