Price Analysis

Ethereum (ETH) vs Bitcoin (BTC): ETH Rebounds Stronger than BTC

  • Both ETH and BTC indicate a decline over a period of 5 days
  • Ethereum (ETH) shows better recovery as compared to BTC

Ethereum and Bitcoin both were steadily moving upward since January 2019. However, in the last week, it has gone through major ups and downs. As ETH and BTC are the leading crypto coins, such changes in their price can impact the whole crypto market.

Currently, Ethereum is less volatile with no price fluctuations. Meanwhile, Bitcoin also shares a similar price trend with a bearish vibe.

Current Statistics:

Statistics

Ethereum (ETH)Bitcoin (BTC)

Price (USD)

07:18:15 UTC

259.63 USD

8422.33 USD

Market Capitalization

28,672,342,315 USD

151,725,512,635 USD

24h Volume

8,787,896,623 USD20,504,625,821 USD

Circulating Supply

106,332,153 ETH

17,737,837 BTC

Return on Investment (RoI)

> 9000%6,222.08%

Ethereum and Bitcoin Price Chart:

Ethereum/Bitcoin price comparison - June 3

On 30th May, ETH and BTC both saw a significant price surge hitting 288.46 USD and 9110.82 USD price points respectively. Later, Ethereum price saw a sharp price drop and bottomed at 242.39 USD, meanwhile, Bitcoin went down gradually after a pullback.

After this price drop, Ethereum showed a steady price recovery, but, Bitcoin didn’t show such a strong rebound yet. In the last 5 days, ETH has decreased to 4.32%, while Bitcoin has decreased to 3.31%. After the mentioned price plunge, BTC price has recovered to 3.58%, and Ethereum price has recovered to 7.11 %.

Conclusion:

The recent plunge seems to be the motive behind the upcoming huge price surge. As Ethereum and Bitcoin, both have started to rebound, it is expected that they will soon hit a major price spike. Crypto investors can hope for better returns in the next couple of months.

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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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