HomeTodays NewsEthereum [ETH] and Tron [TRX] Price Analysis: ETH rides bull wave while TRX follows suit
Ethereum [ETH] and Tron [TRX] Price Analysis: ETH rides bull wave while TRX follows suit
May 18, 2019
Ethereum [ETH] fell by 9.36% over the last 24 hours. The partnership with Bosch might bring some relief to ETH in the future. The second largest coin was priced at $230.09, with a market cap of $24.4 billion. The 24-hour trade volume came up to be $16.7 billion out of which, EXX contributed 3.23% via ETH/USDT pair.
Tron, which recently launched new privacy features called zk-SNARKs, was priced at $0.0256 with a market cap of $1.7 billion. The ‘Ethereum Killer’s’ 24-hour trading volume was $910 million out of which, OKEx contributed 8.35% via TRX/USDT pair.
The one-day chart for TRX showed an uptrend from $0.012 to $0.023.
The Parabolic SAR showed a bullish trend as the dotted markers were formed under the candlesticks.
The Chaikin Money Flow indicator showed a bullish trend as the CMF indicator stood over the zero line, indicating the flow of capital into the market being more than the outflow. However, since the CMF was falling, a reversal in trends may be expected.
The Awesome Oscillator indicator suggested short term momentum being greater than the long term momentum, indicating a bullish trend.
The one-day chart for ETH and XRP showed a bullish trend, as indicated by the aforementioned indicators.