Ethereum [ETH] and Tron [TRX] Price Analysis: ETH struggles with sideways movement while bears hold TRX

2019-5-2 14:30

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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Ethereum (ETH) на Currencies.ru

$ 3745.11 (+0.29%)
Объем 24H $13.323b
Изменеия 24h: 0.49 %, 7d: 2.12 %
Cегодня L: $3725.04 - H: $3763.64
Капитализация $449.94b Rank 2
Цена в час новости $ 161.26 (2222.4%)

eth trx ethereum sideways tron largest bears

Источник: ambcrypto.com

eth trx → Результатов: 126


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2019-4-8 00:18


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2019-3-29 12:30


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2019-3-27 15:30


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

Биткоин, в последнем спонсируемым правительством Китая рейтинге криптовалют занял только 15-ю место, в то время, когда за EOS сохранилось ее первое место, Тron (TRX) занял второе, обогнав Ethereum (ETH) в феврале.

2019-3-23 16:41


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