Ethereum [ETH] and Tron [TRX] Price Analysis: Coins bullish despite fall in price

Ethereum [ETH] has been lagging behind in terms of achieving its ATH for sometime now. The world’s second largest cryptocurrency was priced at $267.09, with a market cap of $28.3 billion. The 24-hour trade came up to be $10 billion, out of which, LATOKEN contributed 4.39% via the ETH/BTC pair.

Tron [] registered a higher than 5% growth in an hour yesterday. TRX was priced at $0.0325, with a market cap of $2.17 billion. The 24-hour trade volume came up to be $1.07 billion, out of which BW.com contributed 9.00% via TRX/ETH pair.

1 day-ETH

Source: TradingView

The 1 day chart for ETH showed an uptrend from $178.8402 to $272.2670. The support point stood at $84.40, a point which hasn’t been tested since December 2018. The resistance point was seen at $272.8250.

The Parabolic SAR indicated a bullish trend as the dotted markers were formed under the candlesticks.

The MACD indicator showed a bullish trend, while hinted at a potential bearish crossover.

The Awesome Oscillator showed an increase in market momentum, indicating a bullish trend.

1 day-TRX

Source: TradingView

The 1 day chart for TRX showed an uptrend from $0.0132 to $0.0234. The support points were seen at $0.01283 which was tested in December 2018. The resistance was seen at $0.0351.

The Chaikin Flow showed a bullish trend as the indicator was above the zero line.

The MACD indicator showed a bullish trend as the MACD line was above the signal line.

The Relative Strength Index showed a bullish trend, despite coming down from the overbought zone.

Conclusion

The 1 day chart for ETH showed a bullish trend, as indicated by the aforementioned indicators. The same can be said about TRX as well.

The post Ethereum [ETH] and Tron [TRX] Price Analysis: Coins bullish despite fall in price appeared first on AMBCrypto.

Post written by our friend Rishi Raj and Syndicated from ambcrypto
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