Ethereum vs. Bitcoin: ETH and BTC Aim for a Rapid Price Recovery
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:
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%.
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 a short term only. As both the cryptocurrencies are promising enough, their prices will soon see better price hikes.
