Although Bitcoin is the sole leader in the crypto space, Ethereum has established itself as one of the most trustworthy cryptocurrency since long. But, as Bitcoin is the oldest crypto coin, a minor shift in BTC price can affect a large part of the crypto market.
Ethereum has recently broken its prolonged bearish vibe and it struck a sharp price hike reaching as high as 288.01 USD followed by a pullback. The coin was anyway holding an ascending momentum since the year started. The recent and sudden price spike might have caused the investors to go with a long position.
|Ethereum (ETH)||Bitcoin (BTC)|
Price (USD) 09:33:13-UTC
|30,231,754,721 USD||154,395,550,043 USD|
Return Of Interest (RoI)
The price paths of both currencies show a similar pattern. However, the current prices of ETH and BTC have quite a large gap.
ETH and BTC Price Chart
Yesterday, Bitcoin price went slightly low touching price point of 8447.46 USD. Similarly, Ethereum saw a bearish trend before taking a leap. It dropped as low as 260.32 USD after breaking its support at 260 USD. Later, the ETH price soared up quickly with a sharp price spike hitting 288.01 mark. Meanwhile, BTC price also has shown an increase though it was gradual, unlike Ethereum. In the last 24 hours, Ethereum has increased to 4.62% while Bitcoin has decreased to 0.10%.
Bitcoin has been a go-to investment option for investors, whether it is for short term or long term. Though, currently, it seems, short term investors need to just wait and see. On the other hand, Ethereum is surging high. In the short term, investors may see higher price spikes, with a few small plunges. In the long term, ETH is likely to give all the more immense returns.