Ethereum vs Bitcoin: ETH Tumbles Well Below $220, BTC Sees Support Near $11467.33

  • Bitcoin price has been above $11700 since today morning
  • Ethereum couldn’t follow the same steps as BTC, hovers around $215
  • Bitcoin remains in the buy phase while ETH slips under Selling pressure

In the last 24 hours, Bitcoin has seen a low swing below $11500 and has recovered from there. Though, Ethereum is still a bit away from the price rebound as the coin is still below $220 and is heading further towards lows too.

BTC price was hovering between $11900 to $11800 till 13:58 UTC yesterday. After that, the coin saw a bit of disruption and ranged around $11,700 before hitting the bottom at $11467.33. It found the support here and escalated to $12038 and had its closing price at $11,966.41.

After a downward correction today, BTC is trading at $11805.51 at 07:13:44 UTC.

ETH vs BTC Price Chart

Bitcoin/Ethereum Price Chart

Ethereum also had a dip near $215.74 after which it surged as high as $221.33 with an increase of 2.64%. Tracing an impulse pattern, the coin saw another price drop near $215.07 and ETH is now trying to come up from there as at 07:13:44 UTC, Ethereum is at $216.14.

Conclusion:

Ethereum may see resistance at $226.3 and support level at $211.16. While Bitcoin may face resistance at $12,111.83 and support price at $11,688.58.

Source Link