Ethereum [ETH] and Tron [TRX] Price Analysis: Tokens continue bullish march as collective market turns green

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Ethereum [ETH] continued its bullish march on March 30 as the coin registered a 4.39% hike against the US dollar. At press time, the price valuation of the token was $144.83 and the market capitalization recorded was around $15.6 billion.

Tron [TRX], however, fell by 0.71% against the US dollar, garnering a trading volume of 263 million in the last 24 hours. The market capitalization remained around $1.56 billion, while the token’s price was $0.0234.

Ethereum 1-day chart

Source: Trading View

The one-day chart of Ethereum witnessed an uptrend which stretched from $102.98 to $132.54, with the resistance line fixed at $157.39. The long-term support line of the token remained at $82.83.

The Bollinger Bands diverged away from each other on the chart, indicating a volatile period for the token’s price.

The Fisher Transform indicated a bullish trend for the coin as the blue line hovered over the red line, with no sign of a possible crossover.

The Chaikin Money Flow indicator remained above the zero-line, suggesting cash flow into the coin’s market.

Tron 1-day chart

Source: Trading View

The one-day chart of Tron suggested price stabilization between the resistance line at $0.0293 and the support line at $0.0215. The coin experienced a minor downtrend, which extended from $0.0290 to $0.024.

The Parabolic SAR dotted markers remained under the candlesticks and pointed towards a bullish trend for the token.

The MACD line for the coin indicated a bullish run as the blue line was over the red line, at press time.

The Relative Strength Index or RSI line remained between the 40-line and 60-line marker and indicated that the selling and buying pressures evened each other out.

Conclusion
According to the indicators, Ethereum [ETH] and Tron[TRX] are projected to enjoy a bullish market.


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Biraajmaan Tamuly

Biraajmaan is an engineering graduate who is exploring the ever-changing crypto verse while traversing his passion for cryptocurrency news writing. He is a Chelsea fan and a part-time poet and does not hold any value in cryptocurrencies yet.

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