Bitcoin Vs. Ethereum: A Technical Performance Comparison

Bitcoin Vs. Ethereum: A Technical Performance Comparison

bitcoin-ethereum

The entire crypto market saw a crash last week and both of these cryptocurrencies took a hit. Below is a comparison of the charts over the past month.

Bitcoin Daily Chart Analysis:

  • Bitcoin was unable to break out of the ascending triangle pattern. It saw a large dump after it was unable to cross above the $60,000 level.
  • Bitcoin is trading below both the 50-day moving average (green) and the 200-day moving average (blue), indicating the sentiment has been bearish.
  • Each of these moving averages may hold as an area of resistance on the chart.

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