Ethereum vs. Bitcoin: ETH and BTC Aim for a Rapid Price Recovery

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After striking a sharp price hike reaching as high as 288.01 USD, Ethereum has tapped onto a bearish vibe with less volatility in its price path. In the last 24 hours, ETH has gone through a few price drops.

Being the topmost crypto asset, Bitcoin seems to be less affected, yet its price has fallen quite a bit after a notable price spike. Both the major cryptocurrencies have started to recover the prices but at a slow pace.

Current Statistics

Statistics

Ethereum (ETH) Bitcoin (BTC)

Price (USD)

10:00:44-UTC

254.65 USD 8301.54 USD

Market Capitalization

27,073,050,430 USD

147,972,795,184 USD

24h Volume

13,201,667,420 USD

29,101,328,647 USD

Circulating Supply

106,290,855 ETH

17,733,150 BTC

Return on Investment (RoI)

8,895.11% 6,067.34%

ETH and BTC Price Chart:

Ethereum/Bitcoin price Chart May 31

Comparison:

Yesterday, Ethereum went as high as 288.69 USD, from where it saw a pullback. After breaking its support at 263 USD, ETH had bottomed as low as 235.44 USD price point. The coin rebounded from there and after a small plunge, it has reached 254.65 USD price point. In the last 24 hours, it has decreased to 5.54%.

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A similar price trend was witnessed by Bitcoin, where it had a sharp price spike at 9092.79 USD, which later saw a pullback. After breaking its support level at 8489.01 USD, it took a nosedive reaching 8033.24 USD price mark. Bitcoin is currently standing at 8301.54 USD with a decrease of 4.21 %.

Conclusion:

The current price drop in both the crypto coins seems to be for the short term only. As per the Bitcoin and Ethereum prediction, both the cryptocurrencies are promising enough, their prices will soon see better price hikes.

 

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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