© Reuters. Crypto Influencer Asks Followers If ETH Can Return BTC
- Lark Davis asked his followers if ETH would ever flip BTC in his last tweet.
- The market cap of BTC is $400,248,946,999 and the market cap of ETH is $187,081,203,401.
- BTC and ETH prices are trading above their respective 20-week EMA lines.
Crypto influencer, Lark Davis, tweeted a question on Twitter today. In the tweet, Davis asked if (ETH) will ever overtake (BTC) in terms of market capitalization to be the biggest crypto.
Looking at the two market leaders, BTC has a market cap of $400,248,946,999 at press time while ETH’s market cap is estimated at $187,081,203,401. This is according to the crypto market monitoring website, CoinMarketCap. Considering the current market caps of both coins, BTC still has a comfortable lead and it’s fair to say that ETH won’t overtake BTC any time soon.
Currently, prices for both coins are trending down over the past 24 hours. BTC price is down 0.59% and ETH price is down 1.37%. As a result, BTC changes hands at $20,778.45 and the price of ETH stands at $1,528.77 at press time.
Weekly chart for BTC/USDT (Source: CoinMarketCap)
BTC is trading near a major weekly resistance level at $21,214.67. On top of that, its price broke above the 20-week EMA line this week. The weekly MACD indicator is still bullish as the MACD line is currently positioned above the MACD signal line.
Also, the MACD histogram is positive. All of these weekly indicators suggest that the price of BTC will break above the aforementioned resistance level.
Weekly chart for ETH/USDT (Source: CoinMarketCap)
ETH price is also trading above the 20-week EMA line on the back of numerous buying supports entering the market over the past week. ETH price is also looking to overcome the 50-week EMA line. If that happens, ETH price will have to overcome the resistance level at $1,939.62.
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