Ethereum [ETH/USD] and Tron [TRX/USD] Price Analysis: Price consolidation becomes apparent even as market momentum becomes positive

2019-4-17 13:15

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. Ethereum has been enjoying a slow and steady climb on the charts recently with the main aim of keeping its closest rival in terms of price, XRP, at bay.

Ethereum 1 day:

Source: TradingView

The one-day graph for Ethereum showed a downtrend that lowered the price from $218.44 to $164.78. The long-term support was holding at $81.78.

The Parabolic SAR was above the price candles which meant that Tron was going through a bullish atmosphere.

The Relative Strength Index was close to the overbought zone, a sign of the buying pressure being more than the selling pressure.

The MACD indicator saw the MACD line and the signal line undergoing a bearish crossover. The MACD histogram was a mix of bearish and bullish signals.

Tron 1 day:

Source: TradingView

Tron’s one-day graph painted a picture opposite to that of Ethereum as multiple uptrends lifted the price from $0.013 to $0.026. The Justin Sun-led cryptocurrency’s long-term support was at $0.0117.

The Bollinger bands had started a convergence after the end of the recent bull run. The Bollinger cloud was at its 2019 peak as the last major outbreak occurred in the middle of December 2018.

The Chaikin Money Flow indicator was below the zero line which meant that the capital leaving the market was more than the capital coming into the market.

The Awesome Oscillator had increased in amplitude, indicating the spike in the Tron market momentum.

Conclusion:

The indicators mentioned above point to the prices in the market consolidating after the sudden bullish spike. The charts also show that the prices have settled into a sideways groove as the bear regained control of the cryptocurrency market.

 

The post Ethereum [ETH/USD] and Tron [TRX/USD] Price Analysis: Price consolidation becomes apparent even as market momentum becomes positive appeared first on AMBCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market ethereum usd becomes price eth apparent

market ethereum → Результатов: 126


Ethereum breaks $2,000 as Shanghai upgrade completes, leads crypto market

Key Takeaways 15% of the ETH supply had been locked until the Shanghai upgrade completed Thursday There was no extra selling pressure, however, with ETH leading the crypto market, up 4.6% today ETH has broken through the $2,000 barrier for the first time since May 2022 Ethereum stakers woke up for the first time in […] The post Ethereum breaks $2,000 as Shanghai upgrade completes, leads crypto market appeared first on CoinJournal.

2023-4-13 18:39


Ethereum Price Holds Above $1,500 Amid Crypto Market Retrace

Cryptocurrency markets are slowing down after an incredible bull run last week. Ethereum surged past $1,600 on Friday, with its 24-hour trading volume surpassing Bitcoin’s. Even with the global cryptocurrency markets losing momentum, ETH is managing to hold above the $1,500 level, with a current market capitalization of $185 billion, which could soon approach 50% […] The post Ethereum Price Holds Above $1,500 Amid Crypto Market Retrace appeared first on NullTX.

2022-7-23 17:11


Фото:

Bloomberg Analysts Cite ‘Bullish Implications’ For Bitcoin and Ethereum as Markets See Meteoric Upsurge

Key Takeaways  Bloomberg is most bullish for Bitcoin and Ethereum. Their overall market utility is cited as a driving factor. Ethereum remains a key beneficiary of the increased use of stablecoins  The cryptocurrency market took a hit early this year, but the coming months might lead the market toward the light at the end of […]

2022-2-15 14:46


Ethereum: Similarities with 2018's market structure might foreshadow this 'worst-case scenario'

Market sentiment across the month of August has been largely bullish. Especially since some crypto-assets recovered significantly to touch their ATH levels once again. Ethereum hasn't been one of thosThe post Ethereum: Similarities with 2018's market structure might foreshadow this 'worst-case scenario' appeared first on AMBCrypto.

2021-8-31 17:00


Ethereum’s Rebound is “Getting Tired” as Analyst Eyes Move to $520

Ethereum has been climbing higher today alongside Bitcoin and the rest of the crypto market The strength seen as of late comes as Bitcoin puts some serious distance between its recent lows and its current price levels This indicates that bulls are in full control and are looking to form a “V-shaped” recovery that could allow for significantly further upside in the days and weeks ahead Where the entire market trends next will depend largely […]

2020-11-30 22:00