Ethereum [ETH] rode a slow and consistent bullish wave throughout the year, following the surprising 66% spike in December 2018. On the contrary, Tron [TRX] displayed an overall growth pattern dissimilar to the world’s second largest cryptocurrency, moving sideways through 2019.

Ethereum [ETH]

After breaking its 3-month-long resistance at $162.30, the largest altcoin touched the $181.30 mark in the beginning of April. The cryptocurrency witnessed a drop of 0.72% in its value over the last 24 hours, according to CoinMarketCap, with no prominent support.

At press time, Ethereum was valued at $160.88, with a 24 hour trading volume of $5.4 billion and a market cap of $17 billion.

Source: TradingView

Support 1: $133.9

Resistance 1: $162

MACD: The MACD and Signal lines alternated positions, giving no clear advantage to either the bears or the bulls. The slightly red histogram signaled a minor depreciation in the coin’s value.

Relative Strength Indicator: The RSI line suggested that the buying and selling pressures had evened each other out.

Awesome Oscillator: The AO histogram displayed an upward trend, alternating between growing and falling patterns, suggesting that the ETH market was tending towards a bearish trend.

Tron [TRX]

Tron [TRX], dubbed the “Ethereum killer,” suffered a 1.85% dip in its value over the past 24 hours. Standing at 11th place at press time, Tron was sporting a market cap of  $1.5 billion with an overall value of $0.023659.

Tron sustained its 3-month strong resistance of $0.027 and support at $0.022. Additionally, the coin recorded 10.94% of its trading via the pair ETH/TRX on CoinTiger.

Source: TradingView

Support 1: $0.022

Resistance 1: $0.027

Bollinger Bands: The upper and lower bands held their divergence, suggesting uniform volatility over the near future.

Parabolic SAR: The dotted markers on top of the candles suggested a growing bearish trend.

Chaikin Money Flow: CMF line was below the zero line, indicating that capital was flowing out of the TRX market.

Conclusion

While Ethereum [ETH] exhibited typical sideways movement and price stagnancy, Tron [TRX] continued to struggle in the bear market.

The post Ethereum [ETH] and Tron [TRX] Price Analysis: ETH struggles with sideways movement while bears hold TRX appeared first on AMBCrypto.

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