Ethereum [ETH] vs. Tron [TRX] Price Analysis: ETH rides bull wave while TRX tags along

With the price rise of Bitcoin, the -market has done well. Ethereum is holding a strong position at number two. The price of ETH stood at a price of $254.04, with a market cap of $26 Million. TRX stood at the eleventh position and was priced at $0.9105, with a market cap of $1.755 Million.

Ethereum [ETH] 1 Day

Ethereum [ETH] experienced a Bull market Tron [TRX] was seen tagging along.

Source: TradingView

line for the crypto stood at $251.05 and the support line was at $100.11. The downtrend line started from $823.87 and goes all the way down to $252.99. The uptrend line started from $85.98 to 105.23 and the second uptrend line started at 105.23 to 153.66.

The Bollinger Bands indicator showed expanding bands, implying a surge in volatility.

The Awesome Oscillator indicated bullish buying opportunity and showed that the short-term momentum was rising faster than the long-term momentum.

The  crossed the 70 line mark, indicating high buying pressure in the market.

Tron [TRX] 1 Day

Source: TradingView

The Resistance line stood at $0.09148 and the support line at 0.01750.

The dotted markers of the SAR were seen below the candlesticks, indicating a bullish trend for TRX.

The MACD line was seen crossing over the Signal line to the upside, which is a bullish crossover.

The Chaikin Money Flow was above the zero-line, signaling that money was flowing into the market.

Conclusion

ETH and TRX were on a ride, as signaled by indicators, , MACD, Chaikin Money Flow, Awesome Oscillator, Relative Strength Index, and Bollinger Bands

The post Ethereum [ETH] vs. Tron [TRX] Price Analysis: ETH rides bull wave while TRX tags along appeared first on AMBCrypto.

Post written by our friend Sarvesh Kumar and Syndicated from ambcrypto
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