Price Analysis

Ethereum vs Bitcoin: BTC Bounced Back From $9118, ETH Correcting Down From $215

  • Bitcoin and Ethereum have recently seen a sharp fall followed by a rebound 
  • ETH is correcting down from $215, BTC is correcting down from $9668 
  • Bitcoin is up as compared to the last couple of days, though is yet to touch $10k price mark
  • Ethereum has also shown an increase recently but is still trading within a narrow price range below $220

In the last 5 days, Bitcoin and Ethereum both the leading crypto coins have gone through enough ups and downs. However, their price ranges have not shown any tremendous change in it as Bitcoin has again returned below $9800 despite two major price rises above $10,100. 

On 24th July, Bitcoin had its opening price at $9,887.73 and it went as high as $9906.32. The coin sharply came down and found support at $9560.92. Here, BTC struck an upward spike to $10138.51 with an increase of 6.04%. The coin remained above $10k till 13:35 UTC on 25th July. BTC had traced a bearish trend line here, while gradually moving downwards. 

BTC saw next support price at $9668.76 and from there it steadily surged till it saw a sharp increase to $10154.96. On the same day, Bitcoin heavily dropped to $9408.66 and since then its price has not even crossed $9700 price mark till today. At 07:07:43 UTC, Bitcoin is trading at $9580.97. 

Ethereum vs Bitcoin Price Chart

Ethereum vs Bitcoin Price Chart

 

Ethereum, in the last 5 days, has shown a mild increase in its price as the coin was as low as $205 on 24th July. It surged to $223.91 over a day, with an increase of 7.62%. ETH gradually dropped to $213 and rebounded to $223.63 tracing a low swing. It again dropped near $207 with a decline of 7.35% and since then the coin has not traded above $215. 

Recently, both the coins, BTC and ETH have hit the bottom at $9165.77 and $204.32 respectively and sharply rebounded from there. At 07:07:43 UTC, ETH was trading at $211.25.

Conclusion: 

Bitcoin may see resistance at $9,668.17 and support at $9,136.99. And Ethereum can face resistance at $214.74 and $218.28 and support at $204.95 and $198.7.

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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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