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If we compare the current market cap of the BTC with yesterday’s, you can see that the market cap is https://theleadbtc.org also down. On the other hand, if Ethereum price fails to stay above the 50-day SMA at $2,801, it will reveal a weakness among buyers and trigger a correction lower to the weekly support level at $2,541. A daily candlestick close below this barrier will invalidate the bullish thesis for ETH. While the outlook for Bitcoin price looks bullish, a failure to hold above the $34,752 support level will invalidate the ascending triangle pattern and forecast a crash to $29,000 and lower.