- Ethereum price reaction reflects a heavy fall on the chart.
- Bitcoin maintains itself on the chart.
- Bitcoin demonstrates better potential than Ethereum since the beginning of the month.
Ethereum (ETH) and Bitcoin (BTC) are the top rankers of the crypto market. The movement in the price affects many altcoins in the market. The third quarter has started. The first two weeks of the months have disappointed the traders in the market. However, amid the drops, there were extreme hikes.
The marketers are still hopeful that the price momentum will soon change its course. The traders once again draw profits.
Let’s have a look at the comparison chart of Ethereum and Bitcoin.
ETH-BTC Price Chart:
The chart is taken from Trading View on 14th July 2019, at 04:42:48 UTC for price analysis.
Looking at the price of Ethereum and Bitcoin for the past 3 months, the charts are reflecting an upsurge in the market. Exactly 3 months ago, ETH was dealing at $166.76. The 15 days movement recorded a hike of 0.47% as the coin closed on 30th April at $166.77. In Bitcoin, the same period recorded upsurge by 8.74%. The counter changed from $5255 to $5562 in 15 days. May month reflected an upsurge in the price of the coin. Ethereum escalated from $189.90 to $274. The hike in price was of 44.38%. Bitcoin lagged in terms of escalation as the price could only turn the counters by 15.89%. The price jumped from $6958 to $8063. The rest of the month was the same. Another major escalation was marked towards the end of June. The price of the ETH changed from $241 to $352 by 45.90%. Bitcoin recorded a hike by 75.17%. The counters switched from $7900 to $13838. July month has recorded downfall in the price of the coin. The ETH coin dropped from $299 to $265 by 10%. Bitcoin, on the other hand, slipped from $11283 to $11175 by 0.45%.
|Particulars||Ethereum (ETH)||Bitcoin (BTC)|
|Circulating Supply||106,891,787 ETH||17,816,700 BTC|
ETH-BTC Price Prediction and Conclusion:
Ethereum and Bitcoin are anticipated to rise on the chart in some time. Both the top rankers are also speculated to pull the market up. All this is speculated to happen in a while. For now, the traders are recommended to hold the investment tight.
According to Ethereum forecast, ETH is likely to touch $500. While Bitcoin is expected to cross $17000 by the end of 2019 as per BTC forecast.