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Bitcoin Consolidates, Ethereum Eyes Upside Break, Altcoins Turn Attractive

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Bitcoin price is stuck near the USD 36,000 level. BTC is facing many major hurdles near USD 37,500 and USD 38,000. It is currently (12:10 PM UTC) showing a few positive signs, but it must settle above USD 38,000 for a sustained upward move.

Besides, most major altcoins are gaining pace. ETH broke the USD 2,800 resistance and the bulls may soon attempt a break above USD 2,850. XRP/USD is consolidating and it might clear the USD 1.0 resistance zone.

Total market capitalization

Source: www.tradingview.com

Source: cryptonews.com

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