Ethereum [ETH] vs Tron [TRX] Price Analysis: Bull run expedites coins’ market momentum

Ethereum [ETH] was priced at $249.94, and was down by 0.44% over the past 24 hours. ETH was the second largest token with a market cap of $26.55 billion, at press time. Tron [TRX] was the eleventh largest cryptocurrency, with a market cap of $1.94 billion. The token was priced at $0.029, with a positive change of 3.13% over the day.

1-Day ETH

ETH saw an uptrend from $124.83 to $264.64, but also saw a downtrend from $262.58 to $251.80. The resistance stood at $266.14 and the supports were positioned at $130.92 and $104.64.

Source: TradingView

Bollinger Bands showed an increase in volatility as the bands were diverging.

Awesome Oscillator displayed a consistent growth rate and was presenting a bullish buying opportunity.

Chaikin Money Flow indicator revealed that the money inflow in the market was high.

1-Day TRX

TRX saw an uptrend from $0.029 to $0.030 and from $0.024 to $0.030. The resistances were at $0.030 and $0.027 and the downtrend was from $0.030 to $0.027. The support was at $0.023.

Source: TradingView

Parabolic SAR indicator presented a bearish trend in the market as the markers were above the candles.

Relative Strength Indicator displayed a token in an overbought state as the indicator was above the 50-line.

Moving Average Convergence Divergence [MACD] showcased a bullish crossover.

Conclusion

Ethereum and Tron seem to be in a bullish zone as forecast by the indicators.

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