HomeTodays NewsEthereum [ETH] and Tron [TRX] Price Analysis: Coins bullish despite fall in price
Ethereum [ETH] and Tron [TRX] Price Analysis: Coins bullish despite fall in price
May 29, 2019
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 volume came up to be $10 billion, out of which, LATOKEN contributed 4.39% via the ETH/BTC pair.
Tron [TRX] 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.
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.