Ethereum [ETH] and Tron [TRX] Price Analysis: ETH reaches an impasse as bears continue to dominate TRX

2019-4-23 19:30

Over the past 24 hours, Bitcoin [BTC] crossed the $5500 mark, collectively boosting the market and improving the valuations of top altcoins. Ethereum [ETH], the largest crypto after Bitcoin, built on the momentum and exhibited a growth of 2.75 percent over the last 24 hours. The price of the token crossed the $170 mark and at press time, was holding steady at $173.60.

Tron [TRX], a DApp competitor to Ethereum, followed suit and recorded a minor growth of 1.42 percent against the US Dollar. The token posted a trading volume of $422 million and was priced at $0.025.

Ethereum one-day chart

Source: Trading View

The one-day chart for Ethereum indicated sideways movement between the new support of $125 and the resistance line at $180.84. The uptrend extended from $140.23 to $159.71.

The Bollinger Bands indicated a volatile period for the token as the bands were diverging on the chart.

The Fisher Transform line pointed towards a bullish trend. However, the blue line remained close to the red line, suggesting the possibility for a trend reversal.

The MACD line indicated a bearish trend as the red line hovered over the blue line.

Tron one-day chart

Source: Trading View

The one-day chart for Tron had a similar trend in terms of price movement as the token lacked the momentum to cross resistance at $0.030, but held its stability above the support line of $0.021. The uptrend extended from $0.0226 to $0.0250 on the chart.

The Parabolic SAR indicated a bearish run for the token as the dotted markers remained above the candlesticks.

The Awesome Oscillator pointed towards a bearish trend, but the bearish momentum was weakening in the chart.

The Relative Strength Index exhibited neutrality between the buying and selling pressure in the market.

Conclusion

The indicators posited a neutral trend for Ethereum in the future, while Tron [TRX] was projected to continue its journey with the bear.

The post Ethereum [ETH] and Tron [TRX] Price Analysis: ETH reaches an impasse as bears continue to dominate TRX appeared first on AMBCrypto.

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Ethereum (ETH) на Currencies.ru

$ 3292.36 (-0.52%)
Объем 24H $25.843b
Изменеия 24h: -2.98 %, 7d: -15.52 %
Cегодня L: $3274.83 - H: $3393.89
Капитализация $396.582b Rank 2
Цена в час новости $ 154.89 (2025.61%)

eth trx price ethereum hours bitcoin mark

Источник: ambcrypto.com

eth trx → Результатов: 126


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2019-3-27 15:30


Биткоин занял 15-е место в очередном 11-м выпуске китайского рейтинга криптовалют

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