Ethereum [ETH] and Tron [TRX] Price Analysis: Coins remain bullish despite market correction

2019-4-9 14:30

After the coin market collectively hiked on the back of Bitcoin’s surge, Ethereum [ETH] underwent price correction, as the token dropped by 3.66 percent against the US dollar. The market capitalization also dropped to $18.5 billion and the token was priced at $175.55, at press time.

Justin Sun’s Tron [TRX] however, continued to drive its price with a bullish outlook as the token improved its valuation by 2.35 percent over the past 24 hours. The trade volume recorded was approximately $765 million, about $200 million more than the previous day, while the token was valued at $0.0293, at press time.

Ethereum 1-day chart

Source: Trading View

The one-day chart for Ethereum showcased a minor fall in prices. Since the bull run however, the token improved its valuation. The token exhibited an uptrend which pushed the price from $137.56 to $164.78. The new resistance line was drawn at $181.42 and the support line was at $102.31

The Parabolic SAR indicated that the token remained in bullish territory as the dotted markers hovered below the candlesticks.

The Awesome Oscillator indicated bullish momentum in the market as the green bars remained prominent in the chart.

The Fisher Transform line was over the red line at press time, indicating a bull run.

Tron 1-day chart

Source: Trading View

The one-day chart for Tron sported a new support line at $0.0213, with the resistance line at $0.0309. The token exhibited an uptrend which extended from $0.025 to $0.0291.

The Bollinger Bands continued on a diversion course as the token remained volatile.

The MACD line appeared above the red line and pointed towards a bullish run for the token.

The Relative Strength Index pointed towards the dominance of sellers in the market as the token remained oversold. However, the line was threatening to enter the neutral zone.

Conclusion

According to the indicators, Ethereum underwent price correction after the prices consolidated after the bull run. Tron [TRX] continued to surge with bullish momentum, aiming to break into the top 10 cryptocurrency list.

The post Ethereum [ETH] and Tron [TRX] Price Analysis: Coins remain bullish despite market correction appeared first on AMBCrypto.

Similar to Notcoin - Blum - 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 correction price trx tron eth

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