Ethereum vs. Tron [TRX] Price Analysis: ETH gathers bulls while TRX tries to do the same

2019-4-25 03:30

Ethereum is showing a positive outlook when compared to Tron, as Ethereum’s charts displayed the Golden Cross. This suggests that Ethereum’s price trend will flip in the near future.

The price of Ethereum at press time was $165, and that of Tron was $0.023. Ethereum is the second largest cryptocurrency in the world with a market cap of $17.5 billion, while that of Tron is $1.5 billion. Tron is currently the eleventh largest cryptocurrency in the world, just below Cardano [ADA].

The 24-hour timeframe showed that ETH’s price had fallen by 55%, while TRX fell by 6.53%. This dump was directly correlated to Bitcoin’s dump, which fell by ~3%. Altcoins like ETH and TRX fell by more than 7% in the wake of Bitcoin’s fall.

Ethereum one day chart

Source: TradingView

Support 1: $80.72
Resistance 1: $181.63
Resistance 2: $248.64
Resistance 3: $318.18
Resistance 4: $478.76

Bollinger Bands were slowly converging. ETH’s price bounced just before hitting the simple moving average, indicating slight bullish momentum.

The Chaikin Money Flow indicator resurfaced above the zero-line, indicating bullish momentum for the crypto.

The Stochastic RSI showed that it was struggling to recover some bullish momentum.

Tron one day chart

Source: TradingView

Support 1: $0.0119
Resistance 1: $0.0267
Resistance 2: $0.0396

The Bollinger Bands showed that the bands were continuing to diverge, indicating that there was volatility in the market. The price fell below the moving average, indicating bearish momentum for TRX.

The Chaikin Money Flow dipped below the zero-line, indicating that sellers were dominating the market.

The Stochastic RSI showed that the Stochastic line had dipped into the oversold zone, indicating bearish momentum for TRX.

Conclusion

All the aforementioned indicators suggested that while ETH was slowly building its bullish momentum in light of the Golden Cross, Tron was struggling to do so.

The post Ethereum vs. Tron [TRX] Price Analysis: ETH gathers bulls while TRX tries to do the same appeared first on AMBCrypto.

origin »

Ethereum (ETH) на Currencies.ru

$ 1863.64 (-0.70%)
Объем 24H $14.097b
Изменеия 24h: -0.27 %, 7d: -9.62 %
Cегодня L: $1853.76 - H: $1918.3
Капитализация $224.87b Rank 2
Цена в час новости $ 154.89 (1103.2%)

ethereum price trx tron same tries analysis

ethereum price → Результатов: 126


Фото:

Ethereum’s Price Recovery Of The $4,000 Mark Hinges On This Crucial Support Level

Ethereum‘s bullish expectations in the ongoing cycle continue to be delayed due to heightened volatility across the general crypto market. Despite its struggles to initiate a major price rally, many crypto experts remain optimistic about an upsurge, pointing to key support levels that could spark a rebound for ETH. A Push Back For Ethereum To […]

2025-2-11 14:30


Фото:

Ethereum Whales Keep Buying As Price Struggles – Expert Discloses Massive Accumulation

Ethereum has faced lackluster price action over the past year, significantly underperforming compared to Bitcoin and many altcoins that have surged during the ongoing market cycle. Once seen as the leader of innovation and growth in the crypto space, Ethereum’s slow movement has left many investors frustrated and questioning its short-term potential.

2025-1-26 19:00


Фото:

Ethereum Price Prediction: Inverse Head And Shoulders Pattern Says ETH Will Touch $12,000

The Ethereum price is showing signs of a breakout, as an analyst has identified the formation of an inverse head and shoulder pattern on its 6-month long-term price chart. This bullish formation has fueled predictions that Ethereum could rally to $12,000 soon, marking a new all-time high for the second-largest cryptocurrency by market capitalization.

2024-12-26 14:30


Ethereum Price To Smash Through $5,000, Triggering 400x Bull Run For Shiba Inu And ETFSwap

Investors are optimistic once again as the hope of the Ethereum price rallying to $5,000 hit the crypto market. In a recent report, Ethereum co-creator Vitalik Buterin spoke at length about upcoming solutions to Ethereum’s (ETH) staking, block production issues, and prevent centralization of proof-of-stake to Ethereum L1.

2024-10-30 20:00