Bitcoin’s realized market cap is now higher than the end of 2017, in which BTC prices were at ATH with 20,000 $. To clarify, a realized market cap is used for determining the total costs of investors. On the other hand, more than 72% of active addresses is profitable. Additionally, the news on newly opened addresses shows that the interest in Bitcoin is gradually increasing. While there are newcomers among the long-term investors who await a consistent uptrend.
 
This morning Bitcoin gained over 1% while futures came along with an important rise. Spot price getting close to 10,800 levels and critical resistance. Moreover, Bitcoin is trying a breakout on the downtrend that it’s having since august. 10,800 showed as a reversal point for the last week and major support while a breakout from this point can lead BTC prices to a movement between 11,200-11,500. 

After the sharp decline from last week, Ethereum fell back to 313 levels, later on, ETH had a recovery from these levels in which it moved up to 360. Today ETH gained around 1% while there’s no major news that can affect the uptrend and prices. Meanwhile, as Glassnode stated the number of addresses that contain 1 and more ETH had a 2 year low. 

Furthermore, Ethereum is still following the uptrend that is started on the 13th of March from 90$ levels. Also, the downtrend which started on the 1st of September is expected to test 490$ levels this week. Technically Ethereum seems strong with a realized bottom on 313 USD levels but it doesn’t have major news that can support the movement. In a conclusion, Ethereum seems positive technically with a double bottom.