Ethereum [ETH] and Tron [TRX] Price Analysis: Bulls firmly grip market with no sign of bears

2019-4-1 17:30

Ethereum [ETH] and Tron [TRX] witnessed minor growth in the coin market as they continued to ride the bullish wave.

Ethereum experienced a growth of 0.97% against the US Dollar, garnering a market capitalization of around $15 billion. The trade volume was close to $4.5 billion over the 24-hour window.

Justin Sun’s Tron recently plunged in rank, moving out of the top 10 cryptocurrencies in the world. The token, however, experienced an uptick of 1.53% against the US Dollar and recorded a trading volume of $202 million.

Ethereum day-1 chart

Source: TradingView

The one-day chart pictured the constant rise and fall of prices of the token. It witnessed a downtrend which stretched from $149.45 to $105.98, before immediately spiking and recording an uptrend from $111.33 to $156.46. The resistance line remained at $157.70 and the support line was found at $82.83.

The Parabolic SAR markers were aligned below the candlesticks, indicating a bullish run for the coin.

The MACD line was above the red line, indicating a bullish phase for the coin.

The Relative Strength Index or RSI remained neutral for the token as the buying and selling pressures evened each other out.

Tron 1-day chart

Source: TradingView

The token’s valuation witnessed sideways movement between the resistance line at $0.0293 and the support line at $0.023. A minor downtrend was witnessed from $0.0254 to $0.02411.

The Bollinger Bands indicated stable price valuation for the token as there was minimum divergence between the bands.

The Chaikin Money Flow pictured capital flowing into the market for the token as the CMF line remained above the zero-line.

The Fisher Transform followed suit, and remained bullish as the Fisher line hovered over the red line.

Conclusion

As the one-day charts suggest, both tokens continued their bull run as the tokens consolidated their individual valuations.

The post Ethereum [ETH] and Tron [TRX] Price Analysis: Bulls firmly grip market with no sign of bears appeared first on AMBCrypto.

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Источник: ambcrypto.com

market ethereum → Результатов: 126


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2023-4-13 18:39


Ethereum Price Holds Above $1,500 Amid Crypto Market Retrace

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2022-7-23 17:11


Фото:

Bloomberg Analysts Cite ‘Bullish Implications’ For Bitcoin and Ethereum as Markets See Meteoric Upsurge

Key Takeaways  Bloomberg is most bullish for Bitcoin and Ethereum. Their overall market utility is cited as a driving factor. Ethereum remains a key beneficiary of the increased use of stablecoins  The cryptocurrency market took a hit early this year, but the coming months might lead the market toward the light at the end of […]

2022-2-15 14:46


Ethereum: Similarities with 2018's market structure might foreshadow this 'worst-case scenario'

Market sentiment across the month of August has been largely bullish. Especially since some crypto-assets recovered significantly to touch their ATH levels once again. Ethereum hasn't been one of thosThe post Ethereum: Similarities with 2018's market structure might foreshadow this 'worst-case scenario' appeared first on AMBCrypto.

2021-8-31 17:00


Ethereum’s Rebound is “Getting Tired” as Analyst Eyes Move to $520

Ethereum has been climbing higher today alongside Bitcoin and the rest of the crypto market The strength seen as of late comes as Bitcoin puts some serious distance between its recent lows and its current price levels This indicates that bulls are in full control and are looking to form a “V-shaped” recovery that could allow for significantly further upside in the days and weeks ahead Where the entire market trends next will depend largely […]

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