When it comes to comparing the growth difference between Bitcoin and Ethereum, it is Ethereum that has demonstrated better performance out of the two. Despite Bitcoin (BTC) gaining a lot of growth since the beginning of 2021, it is Ethereum (ETH) that has demonstrated better achievements.
Bitcoin began the year 2021 with a price tag of $29,252.2 per BTC and so far, the all-time high it has hit its $68,789.63 per BTC on November 10. This goes to show that the maximum growth Bitcoin has recorded is 235.16%.
On the other hand, Ethereum started the year 2021 with a price tag of $735.93 per ETH and so far, the all-time high it has hit its $4,859.50 per ETH on November 10. As compared to Bitcoin’s 235.16% growth, ETH demonstrated 660.32% growth, which is almost three times larger than Bitcoin.
The data from CoinMarketCap for the couple shows that the weighted YTD growth achieved by Bitcoin is 92.23%. On the other hand, the weighted YTD growth achieved by Ethereum is 522.12%. This also goes to show that compared to Bitcoin, Ethereum’s price has remained stable and liable.
This is also a clear demonstration that ETH enthusiasts have high confidence in ETH as compared to BTC enthusiasts. This is the reason why the price of ETH has remained mainly in the highs.
After hitting an all-time high of $68,789.63, BTC’s price has dipped since November 10. At the time of writing, Bitcoin’s price is at $56,194.03 per BTC, meaning it has dropped over 22%.
However, at the time of writing, ETH’s price is 4,541.59 per ETH, which means that since its all-time high, its price has experienced an almost 7% drop. This means that while BTC struggles to cross the $60k per BTC barrier, ETH is revolving close to its all-time high.
The historical data for ETH collected from CoinMarketCap shows that ETH started November 29 with a price worth $4,296.95 ETH and ended the day at $4,294.45. Its open/close performance concluded with a 0.06% loss in its price.
ETH started November 30, at a price of $4,447.77 and closed the day at $4,631.48, achieving over 4% growth by the end of the day. This means that ETH is revolving close to its all-time high and it is getting ready to achieve yet another all-time high.
Since the beginning of December, buy power for ETH seems to have increased and even the relative strength index (RSI) for ETH is in the same trend.
According to the RSI, ETH may soon be crossing the $4,868 per ETH. If the bulls continue powering ETH and stay close to the all-time high, it may invalidate the H&S pattern. The particular pattern predicts that the price for ETH may plunge below the $4,000 figure in December.
If ETH maintains its growth and the bulls continue investing, the RSI will move higher and ETH will hit its all-time of $5,796 per ETH by the end of December.