Markets Rally as Ethereum Records Massive Gains

Today’s market session has started with a rather bullish sentiment as the global market cap records a 3.44% gain within a day of trading to take the total cap to $1.07T. Bitcoin (BTC) has kicked off the day rather well as the asset now boasts a 3.9% gain within 24 hours of trading to take the asset’s price to $26.5K as bulls push for dominance.

Bitcoin’s volatility levels are however on the verge of a decrease as the Bollinger bands now slightly converge toward closing onto each other. The relative strength indicator is also currently moving high above the average line as bulls now push for the oversold region.

The MACD indicator has also now shifted to the positive region as it no moves on the positive region.