Price Analysis

Ethereum vs Bitcoin: BTC Bulls Disappear Again, ETH Approaching $210

  • Bitcoin price manifests gradual but heavy price fall; reaches below $9800
  • BTC price has broken below major support levels near $10,100 and $9962
  • ETH follows the suit, trades bearishly
  • Although, the coin is holding above $210

Bitcoin price seems to have had a short-term bullish impact in its price which, apparently came to an end in no time. The coin has recently lost its price position above $10,000 and is currently heading towards lows. Meanwhile, Ethereum has also traced a downward price trend though it has managed to stay above $210.

Bitcoin initially saw a major surge above $10,100 and it maintained its price range above $10,100 till it saw another price rise at $10,140.11. The coin then pulled back to $9963.40. Since then, the coin has been witnessing gradual price fall and it has heavily dropped below $9800.

From its 24-hour high price of $10,185.89, BTC price has declined to $9687.01 with a decrease of 4.84%. At present, the coin is correcting up from there and is at $9703.38 at 06:43:35 UTC.

ETH vs BTC Price Chart

ETH vs BTC Price Chart

Ethereum also has traced a similar price trend as after maintaining the surge above $221 till 12:55 UTC, the coin gradually dropped to $215.42. From ETH’s 24-hour high price of $225.25, it saw a decline of 4.28%. At present, the coin is trading at $214.61 at 06:43:35 UTC. Both the leading crypto coins have traced an impulse pattern while facing the price turbulence.

Conclusion:

Bitcoin is likely to find support levels at $9,566.39 and $9,358.83 and resistance at $10,119.41. While Ethereum may see support levels at $211.89 and resistance at $223.87.

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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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