Ethereum [ETH] and Tron [TRX] Price Analysis: Rival tokens struggle to shrug off bearish pressure

2019-3-28 23:30

Vitalik Buterin’s Ethereum [ETH] and Justin Sun’s Tron [TRX] are two of the top-10 cryptocurrencies in the world directly competing against each other as both digital assets provide users with a platform to develop DApps.

At press time, Ethereum boasted a market cap of $14.6 billion and witnessed a bullish growth of 2.92% against the US dollar. The price of the token was recorded to be $138.78, at press time.

Justin Sun’s Tron held a market cap of $1.5 billion and the token garnered a trading volume of $217 million in the last 24 hours. Similar to ETH, TRX was bullish by 2.65% against the US dollar.

Ethereum 1-day

Source: TradingView

The one-day chart of Ethereum indicated multiple bullish and bearish phases as the token kept moving sideways between the resistance line at $157.39 and the support line at $83.66.

The Parabolic SAR was found above the candlesticks, indicating a continuing bearish trend for the token.

The MACD line indicated a bearish run for the coin. However, the red line and the blue line remained in close proximity to each other, suggesting an imminent change in trend.

The Chaikin Money Flow or CMF line was above the zero-line, which implied a significant inflow of capital into the market.

Tron 1-day

Source: TradingView

The one-day chart for TRX witnessed a recovery of losses as the coin stabilized between the resistance line at $0.0293 and the support line at $0.0119. A significant uptrend was seen from $0.0157 to $0.0224.

The Bollinger Bands remained parallel to each other, indicating a less volatile period for the coin.

The Fisher Transform line remained under the signal line and pointed towards a bearish trend for the token.

The Relative Strength Index or RSI observed a neutral trend for the token as the buying pressure and selling pressure evened each other out.

Conclusion

The indicators for both the coins pointed towards a persistent bear run as the tokens struggled to break the long-term bearish grip.

The post Ethereum [ETH] and Tron [TRX] Price Analysis: Rival tokens struggle to shrug off bearish pressure appeared first on AMBCrypto.

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Ethereum (ETH) на Currencies.ru

$ 3099.35 (+0.17%)
Объем 24H $14.422b
Изменеия 24h: 5.07 %, 7d: 6.31 %
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Капитализация $372.295b Rank 2
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ethereum tron eth trx bearish pressure off

Источник: ambcrypto.com

ethereum tron → Результатов: 126


Фото:

Ethereum Grows Weaker As More Than Half Of Tether’s $62 Billion Supply Now Sits On Tron

Ethereum and Tron have had a history of contention. Offering similar services, the two blockchain networks have been going head to head in several measures of blockchain success. Even their founders, Vitalik Buterin of Ethereum, and Justin Sun of Tron have taken jabs at each other online severally. In the past year, the rivalry has […]

2021-7-24 23:47


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Джастин Сан готовится к официальному сотрудничеству с Ethereum и запуску USDT-Tron

Создатель и глава Tron Джастин Сан (Justin Sun) в интервью подкасту The Crypto Chick заявил, что видит в конкуренции с Ethereum потенциальные возможности для криптоиндустрии в целом, а также стимулы для появления на рынке лучшего продукта – и в этом году его проект начнет “официально сотрудничать” с Ethereum.

2019-4-8 10:12


Tron CEO Trolls (?) Vitalik, Teases Unlikely Ethereum Alliance

Tron founder and CEO Justin Sun recently announced on the CryptoChick podcast that his crypto project would be officially collaborating with Ethereum. Wait, what? Justin Sun: Tron Will Collaborate with Ethereum This Year Justin Sun appeared on an episode of Rachel Wolfson’s TheCryptoChick podcast this week where he discussed the launch of the Tether stablecoin on Tron.

2019-4-8 01:00


Ethereum [ETH] and Tron [TRX] Price Analysis: Coins steady as they ride the bull together

Many cryptocurrencies surged after the market rejoiced in the presence of the bull. However, the bull seemed to have left the market as major coins acquired new normalcy. While, Ethereum [ETH], the second largest cryptocurrency and Tron [TRX], the eleventh largest cryptocurrency, were battling it out in the coin market, Ethereum’s Vitalik Buterin and Tron’s […] The post Ethereum [ETH] and Tron [TRX] Price Analysis: Coins steady as they ride the bull together appeared first on AMBCrypto.

2019-3-29 12:30


Tron’s Justin Sun to Ethereum’s Vitalik Buterin; “Don’t think Ethereum transaction volume will ever catch up to TRON’s again.”

Cryptocurrency developers are not one to keep mute, especially when their token hit a major milestone. Justin Sun, the founder of the world’s 11th largest cryptocurrency by market capitalization is still in excitement over the consistency in trading price that has overthrown the world’s second largest cryptocurrency Ethereum.

2018-11-10 15:27


Сеть Tron в 80 раз быстрее, чем Ethereum

На днях Джастин Сан заявил, что скорость транзакций в сети Tron составляет 1200 т/с, что в 80 раз быстрее аналогичного показателя в блокчейне Ethereum. Такие успехи стали возможны благодаря новому партнерству с BitTorrent, сообщает The Daily Hodl.

2018-7-29 12:14


Разработчики Tron частично скопировали код Ethereum и других проектов

Исследовательская компания Digital Asset Research обнаружила, что код Tron был частично скопирован из других криптовалютных проектов. Строки кода взяли из Ethereum, при этом факт заимствования попытались замаскировать.

2018-6-22 16:00


Фото:

Обзор событий на рынках криптовалют за 16.01.2018

Серьезная коррекция на криптовалютном рынке. Исключением являются: NEO и Monero, все 20 топ криптовалют подешевели. Криптовалюты, которые потеряли вес более чем на 10 процентов: Ripple, Cardano, Bitcoin Cash, Stellar, EOS, Dash, Tron, Bitcoin Gold и Ethereum Classic.

2018-6-22 15:10


TRON Foundation сожжет 1 млрд токенов TRX после запуска основной сети

Разработчики криптопроекта TRON подтвердили, что в период с 21 по 25 июня токены TRX будут переведены с блокчейна Ethereum в основную сеть. Пользователи не смогут выводить токены с криптобирж, пока не будет сделан снимок балансов по их счетам, закончены работы по переводу средств и разморожены операции по их внесению и выводу.

2018-6-22 12:22


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