Bitcoin runs into ‘resistance’ again while Ethereum bumps 9%

Markets update: Bitcoin runs into ‘resistance’ again while Ethereum bumps 9%

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Edge › Bitcoin · Ethereum › Analysis

Bitcoin price ran into a big resistance as Ethereum is green, is the flipping on the horizon?

Rohan Jethi · June 3, 2021 at 8:02 am UTC · 2 min read

Crypto traders were excited to see Ethereum (ETH) move ahead of Bitcoin (BTC) in percentage terms today, data from multiple sources showed. Bitcoin prices ran into a ‘resistance’ level at $38,000, while Ethereum surged by 10% as of press time.

Lars Hoffman, a crypto researcher at The Block, tweeted in the regard, “ETH flipped BTC in several metrics in May.

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