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Price Analysis

Bitcoin Vs. Ethereum: Following A Diminishing Staircase Pattern, Both Coins Are Hovering in a Range of 5%

Bitcoin Vs. Ethereum Price Analysis

In the intraday trading on the other day, both coins have shown a declining trend. The cryptos have shown a bit of slowdown in the early hours of yesterday. The first drop in coins occurred at around 03:00 UTC where Bitcoin went down by 4.3% to the level of 10132.64 USD and Ethereum by 3.53% to the level of 186.68 USD. Afterward, until the first half of the day, cryptos keep fluctuating but didn’t make any significant changes.

BTC - ETH Price Prediction
BTC – ETH Price Chart

Then, Bitcoin declined by 2.67% to the level of 9865.68 USD and Ethereum by 3.47% to the level of 181.12 USD. From there, the duo has shown some strengthening and Bitcoin made a bounce-back of 3.71% and again crossed the $10k mark. Similarly, Ethereum hiked by 4.79% and touched the $189.94. But, that was not the end of the story. Another dip came in the coins which took down BTC price by 4.38% to 9751.63 USD. Similarly, ETH price made a dip of 3.48% to the trading price of 183.32 USD. What follows immediately is a strong bounce back and brought the digital coins at the current levels.

Current Statistics of Bitcoin & Ethereum:

ParametersEthereum (ETH)Bitcoin (BTC)
Price (USD)186.089990.5
ROI6,472.45%7,247.42%
Market Rank2nd1st
Market Cap19,991,888,551 USD177,844,933,579 USD
24-Hour Volume7,539,980,776 USD18,494,702,266 USD
Circulating Supply 107,421,536 ETH17,889,937 BTC
Price in BTC0.01859393NA

At current levels, making any long-term prediction is a tough choice. As of now, Ethereum faces immediate resistance at 195.05 USD and support at 180.71 USD. For Bitcoin, the immediate resistance is at 10,636.95 USD and support level at $9,800.93.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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