Altcoin Sell Pressure Crashes to Multi-Year Low, Ethereum Price Pumps 6%

There is finally some relief on the market. Ethereum price pumped 6% in the past day and is now well above $1,700 for the first time in over a week. Bitcoin reclaimed $61,000. Altcoins are bouncing across the board. But CryptoQuant posted an interesting report today about altcoin sell pressure hitting a multi-year low again.