Ethereum [ETH] and Tron [TRX] Price Analysis: TRX struggles to keep up with ETH’s momentum

2019-5-21 13:00

Bitcoin’s [BTC] recent comeback has reignited the rise of the altcoin market. With a record growth of 105% in five months, Ethereum [ETH] maintained its position as the best performing altcoin for value recovery. Tron [TRX], on the other hand, demonstrated sideways movement throughout the year, despite recording some insignificant gains after the crypto-winter.

Ethereum [ETH] 1-Day

Source: TradingView

The one-day chart for Ethereum [ETH] showed a strong and consistent bullish trend. The top-performing altcoin recorded a growth of 0.91% over 24 hours, placing the coin at $252.11, with a market cap of $26.7 billion, at press time. Additionally, the coin held a 24-hour trading volume of $10.1 billion.

The chart also showed no prominent support or resistance for the crypto, signaling an ongoing bullish trend for long-term investment.

Bollinger Bands: The upper and lower bands were highly divergent, suggesting an increase in the coin’s volatility.

Relative Strength Index: The token was uncomfortably close to the overbought zone.

MACD: The strong blue histogram plots and the positioning of the MACD indicator indicated a bullish market for ETH.

Tron [TRX] 1-Day

Source: TradingView

Resistance 1: $0.030

Support 1: $0.022

Tron [TRX] has been struggling to maintain a consistent trading value, despite the collective market booming. The coin recorded strong sideways movement through the year and held strong support at $0.022 and resistance at $0.030. With a market cap of $1.9 billion, TRX consolidated its position on the top crypto list, right below Cardano. The crypto gained 3.81% in value over the last 24 hours, and was trading at $0.029, during press time.

Parabolic SAR: The dotted markers were found below the candlesticks, suggesting a strong bullish market.

Awesome Oscillator: The histogram displayed green projections with intermittent red spikes, indicating incoming selling pressure.

Chaikin Money Flow: The CMF maintained its position over the zero line, indicating a growing flow of capital into the TRX market.

Conclusion

While ETH continued to perform well on the back of the crypto-market booming, TRX continued to hesitate in taking the bull’s side.

The post Ethereum [ETH] and Tron [TRX] Price Analysis: TRX struggles to keep up with ETH’s momentum appeared first on AMBCrypto.

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Ethereum (ETH) на Currencies.ru

$ 3679.23 (+0.75%)
Объем 24H $30.253b
Изменеия 24h: 19.88 %, 7d: 24.74 %
Cегодня L: $3496.53 - H: $3679.23
Капитализация $441.973b Rank 2
Цена в час новости $ 249.81 (1372.81%)

eth trx ethereum tron momentum altcoin analysis

Источник: ambcrypto.com

eth trx → Результатов: 126


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The cryptocurrency market’s volatile movement was put on show again as the prices bounced slightly in the bullish spectrum of the chart. The volatility was apparent throughout the entire market as cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] were all affected by the market fluctuations.

2019-4-17 13:15


Ethereum [ETH] and Tron [TRX] Price Analysis: Coins stumble as bear regains control of market

The cryptocurrency market’s return to the sideways movement pattern has discouraged many new investors and institutions from trying their hand at the field of digital assets. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], and Tron [TRX] were all subjected to this price clamp, as evidenced by the stagnation of their market volume and market cap.

2019-4-16 15:30


EOS Sets PR for Its Network Activity Outperforming Peers Such as BTC, Tron or Ethereum

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2019-4-8 00:18


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 [TRX] transactions reach 3x that of Ethereum’s [ETH] all-time high, crosses 4.27 million transactions

On 26 March, 2019, the total number of transactions on the Tron blockchain hit an all-time high as it processed 4.27 million transactions in a period of 24 hours. Misha Lederman, a prominent member of the Tron community, tweeted, “#TRON processed 4,27 million transactions over the past 24 hours, setting a new record for the […] The post Tron [TRX] transactions reach 3x that of Ethereum’s [ETH] all-time high, crosses 4.27 million transactions appeared first on AMBCrypto.

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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