Price Analysis

Ethereum vs Bitcoin: BTC Steadily Marches Towards $10k, ETH Moves Above $210

  • Bitcoin finally moves above $9700, bull-run ahead
  • Bitcoin is steadily gaining traction, while Ethereum’s price recovery lags back a bit
  • BTC saw support near $9395, while ETH saw support at $205

Crypto market is expected to take a surge as Bitcoin bulls are pushing its price up while uplifting altcoins too. Recently, BTC has struck a bullish price move and has traded above $9700. It appears that the bulls in the crypto market are eying $10k mark for Bitcoin.

The recent price rise in Bitcoin has caused Ethereum to take an upward price path as the major altcoin has traded above $210 after a couple of days.

Bitcoin’s yesterday morning price moves were bearish enough to take it as low as $9395.60 where it found a decent support price level. From here, the coin has gradually surged above $9741 with an increase of 3.69% from its support price. Bitcoin then corrected down near $9528.17 and then again surged above $9700 tracing a swing low.

At 07:23:29 UTC, BTC was trading at $9753.03 striking an increase of 2.42% over the last 24 hours. 

ETH vs BTC Price Chart

Bitcoin/Ethereum Price Chart

On the other hand, Ethereum has rebounded from $205.29 and it steadily reached to $209.22. Here the coin has struck a sharp surge to 214.05 with an increase of 2.31%. Ethereum has also traced a low swing near $208.6 while correcting down. ETH is currently in a hassle to strike a full recovery.

Conclusion:      

Bitcoin may see further resistance at $9,846.59 and support level at $9,462.59. While Ethereum can face resistance at $213.8 and support level at $207.06.

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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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