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.
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:
|Parameters||Ethereum (ETH)||Bitcoin (BTC)|
|Market Cap||19,991,888,551 USD||177,844,933,579 USD|
|24-Hour Volume||7,539,980,776 USD||18,494,702,266 USD|
|Circulating Supply||107,421,536 ETH||17,889,937 BTC|
|Price in BTC||0.01859393||NA|
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.