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

With the price rise of Bitcoin, the crypto-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

Source: TradingView

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 Relative Strength Index 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 Parabolic 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.


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

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