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Ethereum vs Tron Price Analysis: ETH tussles with the bears as TRX rides the bull

Sarvesh Kumar



Ethereum [ETH] v Tron [TRX] Price Analysis: ETH tussles with the bears as TRX riding the bull
Source: Pixabay

The 24-hour trading volume for ETH was recorded at $7 billion, while its market cap was sighted at $26 billion. ETH was priced at $248.50. On the other hand, the 24-hour trading volume for Tron was $7.41 million, while the market cap was recorded at over $2 billion. TRX was priced at $0.0330, at press time.

1 Day ETH chart

Source: TradingView

ETH recorded an uptrend between $156.91 to $266.01 and faced resistance at $272.20 and registered support at $82.11.

Bollinger Band indicated squeezing volatility for the coin in the market.

Awesome Oscillator denoted a decreasing bearish selling opportunity.

Klinger Oscillator pointed towards a bearish divergence, at press time.

1 Day TRX chart

Source: TradingView

An uptrend was seen from $0.0130 to $0.0236, with resistance at $0.0382 and the support at $0.0118.

Parabolic SAR denoted a bearish market, as the markers for the indicator were seen above the candles.

Chaikin Money Flow depicted a money inflow in the market since the graph was seen above the equal line.

Relative Strength Index pointed towards buying pressures in the market.

In conclusion, ETH was greeted by the bears while, TRX tagged along with the bull.

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I am a journalist here at AMBCrypto. I cover news on prices of various coins in the crypto-verse and also work on the latest news of coins like - Bitcoin| Ethereum| Litecoin and more.