Peace-lovers across the globe saw the first slice of hope Monday, when a truce deal between Israel and Islamic Hamas Movement appear to be a choice of the battling sides. However, not many believe the faint possibility could turn into reality any time soon.

As Israel and Hamas exchanged fire for the day and at least 110 Palestinians were killed since the Israelis commenced the military operation in Gaza, Egyptian Foreign Minister Mohamed Amr said late Monday that his country is keeping its communication with the Israeli side on a truce bid, and the results could be seen within days.

Amr said after meeting with visiting UN chief Ban Ki-moon that he exchanged viewpoints with Ban on the current conflict between Israel and Hamas, and noted "we will see the results of these efforts in the coming period."

"We stressed our stance that we do not accept the bloodshed and killing of civilians to continue," Amr said, asking Ban, who will leave for Israel Tuesday, to convey this stance to the Israeli side.

Meanwhile, an Egyptian source from Gaza said that Hamas and Israel will hold internal discussions before informing the Egyptian side with their conclusions, and added that they at least showed an initial agreement to calm the situation down.

In Jerusalem, a forum of nine senior Israeli ministers convened Monday evening to discuss what is in store for "Operation Pillar of Defense," while local media reported that the Israeli government agreed to withhold executing its possible ground operation in the Gaza Strip for 24 hours and give diplomatic efforts a chance for reaching a cease-fire agreement, amid mounting diplomatic pressure from the international community.

But despite the diplomatic blitz, Israeli military officials reiterated that a ground operation is still an option. Its Defense Forces (IDF) spokesperson, Brig.-Gen. Yoav Mordechai, said Monday evening that the army is still ready for a possible ground operation in the Gaza Strip, should the government give the order.

What were seen in Gaza on Monday also reflected an uneasy end to the ongoing violence between the two sides, which both furiously stressed their own side's losses in the conflict.

Hamas officials said that in the early hours of Monday, Israeli war jets intensified its airstrikes on Hamas police and security constructions, houses of Hamas and other groups' militants, the soccer stadium, militants on motorbikes, Hamas TV station and computers companies. They also accused the Israeli forces of killing indiscriminately.

Meanwhile, the vast majority of Israeli air-to-ground missiles are targeting fields where weapons are stored and training camps of militants. The fields contain either rockets that are ready to be launched or rockets launchers buried underground as well as underground weapons caches.

In the meantime, Israelis, as always, blamed the militant groups in Gaza for firing rockets into its territory which added fear to local citizens.

Considering the unabated violence and the wide gap between the two sides, a truce or tranquility cannot be around the corner, experts say.

Dr. Jonathan Spyer, of the Interdisciplinary-Center in Herzliya of Israel, said Israel has said its aim is not to bring down the Hamas authority in Gaza, so logically it leads to the conclusion that there has to be a cease-fire at some stage. "But that all the information we have of the current stances of the two sides is that right now they are very apart and a cease-fire doesn't look to me imminent."

Dr. Mark Heller, of the University of Tel Aviv, argued that neither side, but particularly Hamas, will agree to something that makes it look like they comes out of this as a loser, and therefore Hamas needs something either in the form symbolic victory that it can claim such as an actual missile falling in Tel Aviv, or alternatively some political gain such as something to do with the control of Gaza.

The Israeli demands, according to unconfirmed reports, includes lull for a period of more than 15 years, and immediate end of arms smuggling to Gaza, the inclusion of all Palestinian organization in Gaza in the cease-fire and end to attacks on soldiers near Israel's Gaza border.

Both Israel and Hamas are positive to the Egyptian mediation attempts, despite the fact that Israel's old ally Hosni Mubarak has been replaced by Mohamed Morsi of the Muslim Brotherhood, the parent organization of Hamas.

However, although there has been a regime change in Egypt, the country, especially its armed forces, still remains dependent on American financial aid, and Israel sees the American involvement as a guarantee that its interests will be taken into considerations.

Heller argued that one of the reasons why Israel feels that it can trust Egypt to succeed in implementing a cease-fire agreement while Hamas cannot, is that "Egypt can first of all provide Hamas with incentives or the need to (enforce) it," and "I'm not sure that Hamas' problem is its physical capability as much as the political will."

Nevertheless, while, Egypt does hold considerable influence over Hamas, due to the shared ideological background, its influence over the Islamic Jihad, which has been the instigator of numerous rocket attacks prior to "Operation Pillar of Defense," is backed by Iran, and hence lacks strong ties with the Muslim Brotherhood. The Muslim Brotherhood was formed in Egypt and is Sunni Muslim as oppose to Iran which is dominantly Shite Muslim.