Ethereum [ETH] and Tron [TRX] Price Analysis: Coins struggle to recover despite some bullish activity

2019-5-7 19:00

Though Bitcoin [BTC] helped the crypto-world regain its valuation, not all players in the altcoin universe were recovering at the same pace. Ethereum [ETH] led this comeback as the strongest altcoin, while maintaining the highest ROI of 5,581.56%. On the other hand, Justin Sun’s Tron [TRX] has been steadily losing its market capitalization and was trading at 11th on CoinMarketCap, at press time.

Ethereum [ETH] 1-Day

Source: TradingView

The 1-day chart for Ethereum [ETH] shows the value of the biggest altcoin maintaining a sideways trend. Although the crypto-coin retained its growth trajectory in mid-December 2019, it displayed a bearish market for the past month due to increased selling pressure from investors.

With no prominent resistance to break, ETH was positioned well to release the bulls back into the market. ETH fell by 1.98% over 24-hours and was valued at $168.30, at press time. Additionally, ETH had a 24-hour trading volume of $5.7 billion and a market cap of $17 billion.

Relative Strength Index: The RSI indicator maintained a comfortable position above 50, suggesting no immediate selling or buying pressure dominance.

Klinger Oscillator: The KO plotted a bearish course for the altcoin.

Parabolic SAR: The dotted markers were aligned below the candlesticks, indicating a bullish market for the altcoin.

Tron [TRX] 1-Day

Source: TradingView

Tron suffered a loss of 1.39%, bringing down its value to $0.023, at press time. TRX held a market cap of $1.5 billion with a trading volume of $66 million.

TRX held strong resistance at $0.027 and support at $0.022, for the third consecutive month.

Chaikin Money Flow: The CMF plot was below zero, suggesting that the market was dominated by sellers and that money was flowing out of the market.

Awesome Oscillator: The green spikes in the histogram suggested that the TRX market was gaining momentum.

MACD: The MACD line was crawling below the signal line, suggesting a bearish market for TRX.

Conclusion

The aforementioned charts showed that Ethereum [ETH] and Tron [TRX] were struggling to follow BTC’s steps and regain some bullish momentum.

The post Ethereum [ETH] and Tron [TRX] Price Analysis: Coins struggle to recover despite some bullish activity appeared first on AMBCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3385.21 (-0.23%)
Объем 24H $26.113b
Изменеия 24h: 0.02 %, 7d: -12.85 %
Cегодня L: $3297.22 - H: $3393.89
Капитализация $407.766b Rank 2
Цена в час новости $ 178.08 (1800.95%)

trx ethereum tron eth bullish altcoin activity

Источник: ambcrypto.com

trx ethereum → Результатов: 126


Ethereum [ETH] and Tron [TRX] Price Analysis: Coins see slight bullish reprieve as sideways movement continues

The cryptocurrency market and its volatile movement have continued with the passage of time as several of the top coins have fallen into a bearish rut. Ethereum [ETH], the second largest cryptocurrency, which was expected to be “dead”, saw a slight resurgence in terms of price and market cap while Tron [TRX], its closest competitor […] The post Ethereum [ETH] and Tron [TRX] Price Analysis: Coins see slight bullish reprieve as sideways movement continues appeared first on AMBCrypto.

2019-4-30 14:30


Tron’s DApp Platform Records Highest Growth Rate, Yet TRX Price Still Nothing To Write Home About

The blockchain technology has been one industry that’s been attracting a lot of attention of late. Platforms like Ethereum, EOS, and Tron have become household names for dApp developers. However, these platforms are now embroiled in an unending battle for supremacy, with the current situation favoring Tron – at least according to a tweet by […] The post Tron’s DApp Platform Records Highest Growth Rate, Yet TRX Price Still Nothing To Write Home About appeared first on ZyCrypto.

2019-4-24 10:01


Ethereum [ETH/USD] and Tron [TRX/USD] Price Analysis: Price consolidation becomes apparent even as market momentum becomes positive

The cryptocurrency market’s volatile movement was put on show again as the prices bounced slightly in the bullish spectrum of the chart. The volatility was apparent throughout the entire market as cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] were all affected by the market fluctuations.

2019-4-17 13:15


Ethereum [ETH] and Tron [TRX] Price Analysis: Coins stumble as bear regains control of market

The cryptocurrency market’s return to the sideways movement pattern has discouraged many new investors and institutions from trying their hand at the field of digital assets. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], and Tron [TRX] were all subjected to this price clamp, as evidenced by the stagnation of their market volume and market cap.

2019-4-16 15:30


Разработчики DApps все еще выбирают Ethereum

Блокчейн-проект Tron (TRX) имеет наиболее быстро растущую пользовательскую базу децентрализованных приложений (DApps), однако платформа Ethereum, хотя и теряет пользователей, по-прежнему остается главным выбором для разработчиков.

2019-4-11 12:09


Фото:

Разработчики DApps по-прежнему продолжают выбирать Ethereum

Блокчейн-проект Tron (TRX) имеет наиболее быстро растущую пользовательскую базу децентрализованных приложений (DApps), однако платформа Ethereum, хотя и теряет пользователей, по-прежнему остается главным выбором для разработчиков.

2019-4-11 11:40


Исследование: разработчики децентрализованных приложений по-прежнему отдают предпочтение Ethereum

Блокчейн-проект Tron (TRX) имеет наиболее быстро растущую пользовательскую базу децентрализованных приложений (DApps), однако платформа Ethereum, хотя и теряет пользователей, по-прежнему остается главным выбором для разработчиков.

2019-4-11 11:17


EOS Sets PR for Its Network Activity Outperforming Peers Such as BTC, Tron or Ethereum

EOS, one of the largest blockchain networks in the market, has registered new records. In the last few days, the digital asset has experienced a very important growth. As reported by eoswriter.io, the network has established a new record for cryptocurrency actions, surpassing Bitcoin (BTC), Tron (TRX) and also Ethereum (ETH). EOS’ Blockchain Activity Increases […]

2019-4-8 00:18


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

TRON (TRX) Price Stabilizes Amid Rumors of Justin Sun FTX Buyout

The Tron (TRX) price shows bullish signs in the short-term, indicating a relief rally towards $0.055. However, the long-term trend is considered bearish until that area is reclaimed. The post TRON (TRX) Price Stabilizes Amid Rumors of Justin Sun FTX Buyout appeared first on BeInCrypto.