Ethereum vs Bitcoin: BTC Eyes $11,000, ETH Finally Crosses $200

Fibo Quantum

  • Bitcoin sees price rally over a day, trades above $10,700
  • BTC noted two major upswings over the last 24-hours; uplifts the crypto market
  • Ethereum catches the bullish moment too, slowly moves above $200
  • ETH appears to have support above $190

Since the last couple of days, Bitcoin has been trading above $10,000 against U.S.Dollar, but over the last 24 hours, the coin has shown a notable price growth. The leading crypto coin has traced two major price spike and the leading altcoins such as ETH and XRP are following the suit.

Since 14th August, Ethereum was trading under $200 and even had a dip below $180. The altcoin is picking up its pace from yesterday, and recently the coin has traded above $200.

Yesterday morning, Bitcoin was trading around $10,200 and it even dropped to $10,102.80. Seeing a support level there, the coin escalated above $10,400 and even reached to $10,498.96 with an increase of 3.92%. The coin maintained its price range till today morning when it saw a plunge near $10,270. Just a few hours ago, Bitcoin price has surged above $10,600 and at 09:18:43 UTC, BTC is currently trading at $10,731.11.

ETH vs BTC Price Chart

Bitcoin/Ethereum price chartEthereum had its first price rise from $184.86 to $196.31, yesterday. It remained within the price range above $193 till 6:00 UTC today. The altcoin then surged to $200.88 from $194.48 with an increase of 3.29%. At 09:18:43 UTC, ETH is at $201.05.

Conclusion:

Bitcoin may face resistance at $10,515.56 and support level at $10,147.58. While Ethereum may see resistance at $205.73 and support at $186.28.