Ethereum [ETH] and Tron [TRX] Price Analysis: Bears establish firm hold on tokens

2019-4-28 13:30

The cryptocurrency market witnessed a fall of valuation due to the Bitfinex-Tether fiasco and top altcoins suffered. At press time, Ethereum [ETH] witnessed a 24-hour hike of 0.83 percent but suffered a major fall of 8.40 percent over the past seven days. The token was valued at $157.91 and the market capitalization was around $16.7 billion.

Tron [TRX] experienced a minor decline of 0.08 percent over the past day, but similar to Ethereum, TRX plummeted by 7.87 percent over the week. The trade volume in the last 24 hours was $562 million and the market cap remained at $1.575 billion.

Ethereum one-day chart:

Source: Trading View

The one-hour chart of Ethereum [ETH] appeared marginally bullish over the trend, but since the price surge earlier this month, the price had been on a downtrend. The resistance was placed at $181.24 and the support line was at $102.93. The token experienced an uptrend from $137.57 to $180.17 and the downtrend extended the valuation from $165.31 to $152.06.

The Bollinger Bands indicated a volatile period for the token as the markers diverged.

The Fisher Transform line was hovering below the red line on the chart, indicating a continued bearish control.

The MACD line also appeared bearish for the token as the red line was placed above the blue line.

Tron one-day chart:

Source: Trading View

Tron [TRX] prices had been consolidating between the resistance line of $0.0309 and the support line of $0.0214. An uptrend was seen from $0.027 to $0.0307, but the price plummeted severely as the downtrend stretched from $0.0299 to $0.023.

The Parabolic SAR exhibited bearish traits for the token as the dotted markers remained above the candles.

The Awesome Oscillator or AO pointed at a bearish momentum as red bars dominated the charts.

The Chaikin Money Flow or CMF line exhibited an absence of capital flowing in as the CMF line was below the zero line.

Conclusion:

Both the tokens suffered a major fall in valuation over the week and the indicators failed to point towards a positive hike in the near future.

The post Ethereum [ETH] and Tron [TRX] Price Analysis: Bears establish firm hold on tokens appeared first on AMBCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3077.14 (-0.75%)
Объем 24H $8.227b
Изменеия 24h: -1.36 %, 7d: 5.06 %
Cегодня L: $3077.14 - H: $3134.76
Капитализация $369.64b Rank 2
Цена в час новости $ 157.81 (1849.9%)

ethereum eth witnessed market percent fall suffered

Источник: ambcrypto.com

ethereum eth → Результатов: 126


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

TRON DAO at Cornell Blockchain Conference

Through DeFi panel discussions with industry leaders, TRON DAO cemented its role in fostering education and the future of decentralization. The post TRON DAO at Cornell Blockchain Conference appeared first on Crypto Briefing.

Ethereum Spot ETFs Unlikely To Get Green Light In May: Tron Founder

Expectations that the highly anticipated Ethereum Spot Exchange-Traded Funds (ETFs) will be approved by the United States Securities and Exchange Commission (SEC) have continued to drop. In this regard, Justin Sun, founder of the Tron network, has made a significant prediction on the regulatory chances of Spot Ethereum ETF, indicating that it is unlikely that […]

Justin Sun predicts SEC rejection of Ethereum ETF in May, citing need for crypto education

Tron blockchain founder Justin Sun says the US Securities and Exchange Commission (SEC) would not approve an Ethereum exchange-traded fund (ETF) in May. In an April 28 post on X (formerly Twitter), Sun noted that the crypto industry still needs to prepare for a long-term education with regulators, especially in helping them understand how the […] The post Justin Sun predicts SEC rejection of Ethereum ETF in May, citing need for crypto education appeared first on CryptoSlate.

Tron Founder Justin Sun Gets New Wallet – Here’s What He’s Buying

Lookonchain has revealed insights into what might be new transactions by Justin Sun, founder of the TRON blockchain. Whale transactions are very rampant in the crypto industry. It is common practice for on-chain analytics platforms and cryptocurrency investors to keep a careful eye on the buying and selling activity of whales, as their movement tends […]