Price Analysis

Ethereum vs Bitcoin: BTC Consolidates Above $10,100; ETH Eyes $200

  • After a miner plunge in the morning, Bitcoin is slowly increasing
  • Ethereum has also shown a mild increase but is still below $200 and even  $195
  • BTC seems to have support level near $9772, ETH may find support at $183
  • Today’s price move of Bitcoin has traced a bullish trendline

Bitcoin is holding a slight bullish impact in its price trend, as the coin has also traced a bullish trendline today. Ethereum, on the other hand, appears in a need of a strong price boost to trade above $200.

Bitcoin saw a sharp nosedive yesterday morning, which caused it to trade even below $9800. Seeing support here, the coin steadily surged and reached to $10,218.13 with an increase of 4.56%. Before closing, the coin corrected down to $10,088.89. Today, the coin is again taking a bullish path and has traced a bullish trendline. Bitcoin is currently trading at $10,194.22 at 08:27 UTC.

ETH vs BTC Price Chart

Ethereum/Bitcoin Price Chart

After facing an initial plunge at $183.13, ETH also embraced the bullish impact and surged to $194.75. Correcting down from there, the coin traced a low swing at $189.47 and again initiated a mild uptrend. Ethereum is trading at $193.50 at 08:27 UTC.

Conclusion:

Bitcoin may face resistance at $10,298.89 and support at $10,466.71. Ethereum can see resistance at $196.04 and support at $178.67.

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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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