ETH Remains Above $200, BTC trades Below Support

Fibo Quantum

Bitcoin has recently gone all bearish as the coin has dropped significantly since the last two days. The coin is still heading downwards and its bearish price momentum seems to be affecting major altcoins too, such as Ethereum.

Ethereum, however, was mildly affected by the BTC bull-run as its price did not show any strong price surges. The coin remained well below $250 despite the bullish phase in the crypto market. Till yesterday, the coin was above $210 and today the coin has traded below the major support price level of $210 and is struggling to stay above $205.

Current Statistics:

Statistics

Bitcoin (BTC) Ethereum (ETH)

Price (USD)

07:13:46 UTC

$9690.00

$205.92

Market Capitalization

$173,227,315,326

$22,047,450,049
24h Volume $17,811,923,220

$7,097,256,653

Circulating Supply

17,834,737 BTC 107,027,998 ETH
Return on Investment (RoI) 7,078.80%

7,174.88%

ETH vs BTC Price Chart

Bitcoin/Ethereum Price Chart

Yesterday morning, Bitcoin’s price was above $10,000 which saw a steady fall and the price dipped to $9,895.21. Here is found the support level to surge and formed a low swing. The coin managed to reach above $10k again but pulled back sharply to $9,654.04 with a decrease of 4.76%. In the last 24 hours, BTC has decreased to 6.34%.

Similarly, Ethereum has also witnessed a low swing near $209.51 and then corrected up to $218.65. At $217.16, ETH took a nosedive at $202.10 with a decrease of $7.08. In the last 24 hours, Ethereum has decreased to 5.35%.

Conclusion:

If BTC strikes a surge, it may see resistance at $10,203.81 and support levels at $9,580.56. While Ethereum may see resistance at $217.62 and support levels at $199.86.