Price Analysis

Ethereum vs Bitcoin Price Analysis: Ethereum Walks Along With Bitcoin With Few Highs And More Dips

  • Ethereum records a downtrend of 15% in last five days to trade below $300
  • Bitcoin records a downtrend of 17% to trade around $10,000

There has been a sluggish movement in the price of Bitcoin since last few days, and it has impacted many coins in the crypto market, including ETH. Ethereum has been moving below $300 since quite some time, and the current market performance shows that growth for ETH will happen as soon as BTC moves past $12,000 again.

Ethereum-Bitcoin Price Statistics:

In the last five days, both ETH and BNB have dropped below their respective highs in the last week of June. While ETH dropped from $361 last week to its current value of $278 as on July 2, 2019, at 10:40:33 UTC, BTC dropped from $13,000 to its current value of $10,020.17. ETH has recorded a downtrend of over 15% in the last five days, and BTC has recorded a downtrend of over 17% in the same time period.

Ethereum vs Bitcoin price chart - july 2

Statistics Ethereum (ETH)Bitcoin (BTC)
Price  (USD)278.1710,020.17
Price (BTC)0.02816019
Market Capitalization29,701,694,810181,170,284,385
24h volume10,351,303,29930,262,147,014
Circulating Supply106,729,926 ETH17,792,975 BTC
Return on Investment>9000%7,386.23%

 
Both ETH and BTC moved in sync throughout with ETH dropping from $330 to $274, rising up again to reach $312 and then $323 but dropped rigorously afterward to its current value. BTC, on the other hand, dropped from $12,090 to $10,234 but rose back again to $12,457 post which it steeply dipped to trade around $10,000. The market cap and 24 h volume of the coins are separated by huge differences. The ROI of ETH is greater than that of BTC.

Ethereum-Bitcoin Price Prediction:

While BTC may be regarded as half way through its all-time high value of $20,000, ETH still lags far behind from its all-time high value of $1432 and has to surge consistently for the next few months if it has to move past this value by the beginning of the next year. ETH may also grow as high as $500 in the next few months, but if BTC moves past $15,000, there is no looking back for both coins.

Conclusion:

This is a good time to invest for long-term gains in ETH and BTC.

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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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