Price Analysis

Ethereum vs Bitcoin: BTC Reclaims $10,000, ETH Still Appears Well Below $200

  • Bitcoin has recently managed a mild price recovery, trades above $10,000
  • ETH has also rebounded from $175.94, but is still around $183
  • BTC appears to have a support above $9500, ETH may see support around $183

Bitcoin, after a remarkable bearish phase is ready to take the crypto market up as the coin has recently moved above $10,000. However, the positive price move is yet to get its reflection from the altcoins as Ethereum is still much below $200, even after a rebound.

A month ago, Bitcoin was at $9500.22 and it gradually escalated from there to $11015.10. Later, the coin formed a low swing near $9165 and then surged above $12000. BTC price couldn’t remain there for long and pulled back heavily near $9586.32. Currently, BTC is correcting up from there and is at $10093.60 at 10:27:50 UTC.

ETH vs BTC Price Chart

Bitcoin/Ethereum Price Chart

Ethereum also surged from $200 to $234 in July and then corrected down near $205. The coin again rose to $236.70 this month and then saw a strong pullback even below $200. The coin has hit the bottom at $175 and is correcting up from there. At 10:27:50 UTC, ETH is at $183.57.

Conclusion:

It is to be noted that both the leading cryptos are trading under selling pressure. Moreover, Ethereum may face resistance at $192.59 and support at $181.27. While, Bitcoin can see resistance level at $10,607.53 and support at $9,845.44.

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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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