The price of Bitcoin is up 1% and holding at about $3,858, according to the data from Coin360. Meanwhile, Ethereum is down 0.3% at $136.90, and XRP is up 5% at $0.32978, at time of publishing, holding onto gains following yesterday’s listing on Coinbase Pro.
New analysis from CoinDesk shows short duration technical indicators “are turning bearish and a break below $3,700 could yield deeper losses.” A number of technical analysts are also turning bearish on Ethereum in the short term, as the platform’s big Constantinople upgrade approaches.
Cointelegraph – Signs point to a consolidation in the near term
Blockonomi – Rally unwinds but not likely over
Blockonomi – Recovery won’t be easy above $152
Bitcoinist – ETH turns bearish as Constantinople upgrade looms
NewsBTC – ETH remains sell until it breaks 100 SMA
Cointelegraph – Probability of a range formation in the short-term increasing