Price Analysis

Bitcoin vs Ethereum: BTC and ETH Resume Price Recovery After a Plunge

Since 18th July, Bitcoin is giving bullish results when it comes to its price trend. The coin had reclaimed its price position above $10,000 and the coin even went above $10,500. On 20th July, BTC even went above $11,000 and then corrected near $10,767.14 closing the price on 21st July. 

Bitcoin bull-run has put an impact over Ethereum but the coin is still pretty slow as far as its price recovery is concerned as the coin is still below $250 and is struggling to cross the price barrier near $225. 

Current Statistics:

Statistics

Bitcoin (BTC)Ethereum (ETH)

Price (USD)

07:06 UTC

$10597.37$224.94
Market Capitalization$188,994,480,815

$24,080,714,000

24h Volume

$16,078,433,468

$6,578,872,022

Circulating Supply

17,831,250 BTC

107,000,583 ETH

Return on Investment (RoI)7,733.75%

7,847.82%

BTC/ETH Price Chart

Bitcoin/Ethereum Price Chart
Bitcoin/Ethereum Price Chart

Yesterday, Bitcoin and Ethereum both initially witnessed a steady drop which later took a rebound. BTC price opened at $10,777.53 and it gradually tumbled to $10,347.10. Here it found strong support in order to strike a surge. It increased by 2.85% reaching as high as $10,642.10. Since then the leading crypto coin has maintained its price range around $10,300 to $10,800. 

ETH tracing a similar price path saw a fall from $228.33 to $218.17 tracing a bearish trend line. From here, the coin climbed up by 4.05% and reached at $227.01. Since then, the coin is trading above $223 and currently is in a hassle to trade above $225.

Conclusion:

ETH may see further resistance at $230.65 and $235.6 while it may see support levels at $219.82 and $214.01. BTC, on the other hand, can face resistance at $10,830.8 and $11,062.49 and support levels at $10,378.51 and $10,157.91.

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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