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BTC and ETH Price Analysis for April 9

Sun, 04/09/2023 - 13:55
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Denys Serhiichuk
Can Ethereum (ETH) rise against sideways trading of Bitcoin (BTC)?
BTC and ETH Price Analysis for April 9
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Bulls could not hold the gained initiative, and most of the coins have returned to the red zone.

Top coins by CoinMarketCap


The rate of Bitcoin (BTC) has slightly declined over the last 24 hours, falling by 0.26%.

BTC/USD chart by TradingView

On the daily chart, the price is slowly approaching the middle of the channel — the $27,500 mark. If buyers cannot bring the rate of Bitcoin (BTC) back above the $28,000 zone shortly, the fall may continue to the support level at $26,700.

DOGE and SHIB Price Analysis for April 8

Such a scenario is relevant until the end of next week.

Bitcoin is trading at $27,919 at press time.


Ethereum (ETH) has lost more than Bitcoin (BTC) as its price has fallen by 1.57% since yesterday.

ETH/USD chart by TradingView

The rate of Ethereum (ETH) has kept falling since it returned below the resistance level at $1,890. The volume keeps declining, which means that buyers are not willing to buy at the current prices. In this case, a test of the crucial zone of $1,800 is the more likely scenario for the next few days.

Ethereum is trading at $1,835 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at