Ethereum [ETH] and Tron [TRX] Price Analysis: ETH and TRX ride the bull wave

2019-5-8 13:30

The altcoin universe is recovering slowly ever since Bitcoin [BTC] started its bull run in 2019. Out of the lot, Vitalik Buterin’s Ethereum [ETH] maintained its position as the second largest cryptocurrency, based on market capitalization. Tron [TRX] also picked up a rapid pace after its recent failures during the crypto-winter. While the coin stood 11th on CoinMarketCap charts, Tron CEO Justin Sun announced that the coin will return to its previous glory by June 2019.

Ethereum [ETH] 1-Day

Credits: TradingView

Resistance 1: $162.51

Resistance 2: $181.59

The 1-day chart for Ethereum [ETH] displayed a strong growth trajectory, which makes it ideal for long term investments. While the coin has not gained much value since the December fall compared to its competitors, ETH showed no prominent support and broke the 3-month long resistance at $162.51. Following a short spike in value, the leading altcoin met with strong resistance at $181.59.

Ethereum’s 24-hour reading showed the coin losing 4.72% in market value, placing its value at $169.63. Additionally, the coin sported a 24-hour trading volume of $7.4 billion with a market cap of $17.9 billion, at press time. 

Relative Strength Index: The centrally placed position of the indicator suggested no major buying or selling pressure.

Chaikin Money Flow: The positioning of the CMF indicator displayed no prominent inflow or outflow of capital.

Parabolic SAR: The dotted markers were aligned below the candlesticks, indicating bullish momentum for the coin.

Tron [TRX] 1-Day

Credits: TradingView

Support 1: $0.022

Resistance 1: $0.027

Tron’s [TRX] 1-day chart showed a growth pattern similar to ETH, sporting a bullish trend since the beginning of 2019. The coin made substantial recovery from the December downfall, but has been met with very strong resistance at $0.027 over the past 4 months. On the other hand, TRX also maintained a concrete support at $0.022.

The 24-hour reading showed the TRX’s value to be $0.024994 after gaining 3.08% value, at press time. Additionally, the coin had a trading value of $77 million, with a market cap of $1.6 billion.

Klinger Oscillator: The reading line maintained its position with the signal line, indicating no immediate buying or selling pressure.

Awesome Oscillator: The green histogram projection suggested a bullish market for the coin.

MACD: The positioning of MACD line above the signal line indicated a rising bullish trend for the cryptocurrency.

Conclusion

While the charts of both Ethereum [ETH] and Tron [TRX] projected bullish markets, ETH maintained a stronger position for long term investment.

The post Ethereum [ETH] and Tron [TRX] Price Analysis: ETH and TRX ride the bull wave appeared first on AMBCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3326.86 (-0.24%)
Объем 24H $45.227b
Изменеия 24h: 6.94 %, 7d: 5.31 %
Cегодня L: $3039.69 - H: $3364.01
Капитализация $400.646b Rank 2
Цена в час новости $ 170.04 (1856.52%)

trx eth ethereum tron ride wave analysis

Источник: ambcrypto.com

trx eth → 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


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


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


Ethereum [ETH] and Tron [TRX] Price Analysis: Coins steady as they ride the bull together

Many cryptocurrencies surged after the market rejoiced in the presence of the bull. However, the bull seemed to have left the market as major coins acquired new normalcy. While, Ethereum [ETH], the second largest cryptocurrency and Tron [TRX], the eleventh largest cryptocurrency, were battling it out in the coin market, Ethereum’s Vitalik Buterin and Tron’s […] The post Ethereum [ETH] and Tron [TRX] Price Analysis: Coins steady as they ride the bull together appeared first on AMBCrypto.

2019-3-29 12:30


Tron [TRX] transactions reach 3x that of Ethereum’s [ETH] all-time high, crosses 4.27 million transactions

On 26 March, 2019, the total number of transactions on the Tron blockchain hit an all-time high as it processed 4.27 million transactions in a period of 24 hours. Misha Lederman, a prominent member of the Tron community, tweeted, “#TRON processed 4,27 million transactions over the past 24 hours, setting a new record for the […] The post Tron [TRX] transactions reach 3x that of Ethereum’s [ETH] all-time high, crosses 4.27 million transactions appeared first on AMBCrypto.

2019-3-27 15:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Injective Generated More Revenue Than BNB Chain, Avalanche In Q3 2024, Next $50?

Injective Protocol, a DeFi-centric platform using Cosmos tech, is gaining traction, looking at the gas fee revenue distributed to its validators in Q3 2024. While INJ, the native currency of the protocol, is under pressure, cooling off after rallying to as high as $52 early this year, the recent development is a huge confidence boost.