Price Analysis

Ethereum vs Bitcoin: BTC Wins Back $10k Price Position, Will ETH Trade Above $250?

  • Bitcoin price reclaims its position above $10,000
  • BTC hits above $10,100, currently correcting down from there
  • Ethereum also catches the bullish impact, trades above $220
  • ETH correcting down from $225.59

Bitcoin has tapped on upward price momentum since yesterday as the coin has climbed above $10,000. The price surge seems to have impacted the ETH price trend to a certain extent, as the leading altcoin also manifests a few major price rises.

Yesterday, BTC had its opening price much below $10,000 near $9,676.19 and gradually surged to $9913.18 with an increase of 2.45%. At the same time, Ethereum price also saw a surge from $207.07 to $216.79 having a growth of 4.70%. After that, both the coins have been maintaining a steady uptrend. 

ETH vs BTC Price Chart

Bitcoin/Ethereum Price Chart

Today morning, BTC has taken a sharp uptrend and even went above $10,100 from its price around $9700. Resonating the bullish price move, ETH has also surged to $225.59 and is currently correcting down at $222.22 at 07:03:44 UTC. Bitcoin, on the other hand, has also corrected down but is above $10k at $10099.19 at 07:03:44 UTC.

Bitcoin is still carrying selling pressure and is 8.61% lower than its 30-day SMA of $11,050.78. Ethereum is also under selling pressure despite the recent and positive price moves.

Conclusion:

Bitcoin may see further resistance at $10,072.84 and $10,236.87 with a surge, though a price drop can take it to support levels at $9,647.89 and $9,483.86. Ethereum’s possible resistance can be at $226.48 and $235.41 support levels at $208.11 and $199.18.

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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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