While Bitcoin [BTC] is making headlines for crossing new boundaries, some major altcoins have also been rewarding long-term investors. Out of the lot, Ethereum [ETH] and Tron [TRX] exhibited exceptional recovery after the 2018 crash. While Tron CEO Justin Sun recently announced his confidence in taking back its 10th position by July, ETH maintained its position as the strongest altcoin, with a market cap of $18.4 billion.

Ethereum [ETH] 1-Day

Source: TradingView

Resistance 1: $162.41

Resistance 2: $181.97

The one-day chart for ETH showed that although the coin suffered from a bearish trend at the beginning of 2019, it has been on a growth trajectory since February 2019. In doing so, the top altcoin broke a two-month-long strong resistance at $162.41.

After gaining 1.50% value, ETH was valued at $173.61, at press time. Further, the coin sported a trading volume of $7.2 billion and the immediate resistance was at $181.97.

Awesome Oscillator: The short green histogram projections predicted slow rising bullish market trend for the coin.

Fisher Transform: Trigger plots were placed above the Fisher plot, which indicated a bearish trend for the ETH market.

Relative Strength Index: The RSI indicator was positioned above the median of the range, indicating the possibility of an increase in the buying pressure.

Tron [TRX] 1-Day

Source: TradingView

Tron’s one-day chart displayed very unstable growth trajectory for the entire year. While the “Ethereum Killer” managed to stay in the green zone past the crypto-winter, it saw a minimal increase in its overall value, from $0.018 to $0.023. Additionally, the coin lacked any prominent support or resistance, while maintaining its average value of $0.023169, at press time. TRX witnessed a loss of 4.38% over the past 24 hours, while holding a trading volume of $7 million.

Parabolic SAR: The dotted lines below the graph suggested a bullish market for the coin.

MACD: The blue histogram also suggested the birth of a bullish trend for TRX’s market.

Chaikin Money Flow: On the other hand, the CMF indicator was creeping towards the zero line and indicating growing capital inflow into the market. However, capital outflow still dwarfed the inflow.

Conclusion

TRX continued to maintain sideways movement, despite telltale bullish signs. On the contrary, ETH was well positioned to break its next resistance.

The post Ethereum [ETH] vs Tron [TRX] Price Analysis: ETH leads bull run while TRX plays catch-up appeared first on AMBCrypto.

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