Price Analysis

Bitcoin vs Ethereum: BTC Bull-Run Uplifts Crypto Market; ETH Correcting Down after Price Rally

Recently, Bitcoin has stepped out of the bearish impact and it took a massive surge above $10,000 over the last 1 day. The price movement of the leading crypto coin has positively impacted major altcoins such as Ethereum and Ripple.

Yesterday, BTC had struck an increase above $10k and at present, the coin is correcting down from $10775.07. Similarly, Ethereum is also correcting down from $226.55.

Bitcoin and Ethereum Current Statistics:

Statistics

Bitcoin (BTC)Ethereum (ETH)

Price (USD)

09:09:00 UTC

$10335.85$217.28

Market Capitalization

$184,635,431,352

$23,379,700,328

24h Volume

$24,639,094,035

$8,719,911,752

Circulating Supply17,825,537 BTC

106,961,008 ETH

Return on Investment (ROI)

7,555.52%

7,619.31%

BTC/ETH Price Chart

Bitcoin/Ethereum Price Chart
Bitcoin/Ethereum Price Chart

Yesterday morning, Bitcoin price was ranging between $9500 to $9600 before facing an extended price drop near $9312.88. The coin saw strong support there and rebounded steadily above $10083.87. It further surged above $10700 and then pulled back to $10500. Bitcoin has again touched price point above $10700 and corrected down to $10335.85.

Ethereum, on the other hand, has also been recovering its loss of valuation after seeing bottom near $207.15. After a sharp surge near $224, ETH has steadily soared to $229.74 and returned back to $223. The coin has again reached above $226 and pulled back below $220. In the last 24 hours, ETH has increased to 2.76%.

Conclusion:

BTC may see further resistance at $11,143.28 and $11,620.08 if it continues to rise, while its support levels can be at $9,783.24 and $8,900. ETH’s major resistance can be $234.53 and $242.48, while its support levels are likely to be $213.33 and $200.08.

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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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