Price Analysis

Ethereum vs Bitcoin: ETH and BTC Progress with Slow Recovery

In the last two days, Ethereum has gone through frequent price slumps. The coin was struggling to break the bearishness that lasted for a couple of days. However, since yesterday, the ETH price is slowly moving upward.

Bitcoin price, on the other hand, has also increased in the last 24 hours. Though looking at the price path traced by both the coins since January 2019, it seems ETH and BTC both need solid price boost.

Current Statistics:

Statistics

Ethereum (ETH)Bitcoin (BTC)

Price (USD)

07:14:53 UTC

246.48 USD

7826.02 USD

Market Capitalization

26,455,046,736 USD139,075,343,639 USD
24h Volume8,380,942,985 USD

20,231,020,147 USD

Circulating Supply

106,372,552 ETH17,743,525 BTC
Return on Investment (RoI)8,683.02%

5,693.12%

Ethereum and Bitcoin Price Chart:

Ethereum and Bitcoin Price Chart

Comparison

ETH and BTC prices were tumbling before they saw a notable surge with few plunges. ETH reached as high as 249.13 USD clearing resistance level at 246 USD. The coin has not yet touched 250 USD price point. Meanwhile, Bitcoin surged to 7914.33 USD from 7693.21 USD price point. A strong pullback was noted in both the currencies after the surges. In the last 24 hours, BTC has shown an increase of 1.72%, and ETH has surged to 2.08%.

Conclusion:

The leading cryptocurrencies are currently witnessing slow recovery. We can anticipate that ETH and BTC are likely to surge higher while coming out of the bearish zone. If ETH maintains its upward shift, it can probably cross resistance at 250 USD price point in the next couple of months.

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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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