Cardano vs Ethereum: How do the performances of these altcoin giants stack up?

Ethereum bulls have done a better job in breaking past crucial resistance levels than Cardano, and the stronger demand behind ETH was key to explaining the minor differences on their price charts.

Source: ADA/USDT on TradingView

The RSI has hovered about the neutral 50 mark over the past month, but the OBV saw a slight uptick over the past two weeks. This suggested demand was present, but momentum was sluggish as ADA bounced between $0.38 and $0.41.Ethereum, however, has been on an uptrend for most of 2023. On 11 January, the daily market structure of ETH was flipped from bearish to bullish after the prices rose above a recent lower high at $1352.

The recent move above $2000 in mid-April was halted at $2141. This was similar to Cardano’s trend in 2023. One of the key differences was the pace of the bullish recovery in late April after a pullback.The ETH D1 indicators showed the king of altcoins had shifted from strongly bullish toward neutral. The RSI rose above neutral 50 again after a drop to 43 during the pullback from $2141 to $1785. At the time of writing, it was back above neutral 50 but was yet to climb above 60.

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