Ethereum [ETH] v Tron [TRX] Price Analysis: ETH and TRX follow the bear

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Tron’s Founder and CEO, Justin Sun, recently won a $4.57 million bid to have lunch with Warren Buffet, the CEO of Berkshire Hathaway. However, this development failed to bolster the coin’s performance on the cryptocurrency charts. Meanwhile, Ethereum had experienced some volatility in the past few weeks and was performing well since a week, at press time.

1-Day ETH chart

Source: TradingView

The 24-hour trading volume of the coin was $9 billion, with a market cap of $26 billion, at press time.

An uptrend was seen from $83.07 to $103.44 and another from $106.28 to $151.50. A downtrend was seen from $203.88 to $156.76. The resistance was found at $272.19, while the support was at $82.08.

Bollinger Bands depicted squeezing volatility in the market.

Awesome Oscillator suggested falling market momentum.

Relative Strength Index suggested that the buying and selling pressures in the market were in equilibrium, at press time. However, the selling pressure was slowly increasing.

1-Day TRX chart

Source: TradingView

The 24-hour trading volume was seen to be over $1 billion, with a market cap of $2.2 billion, at press time.

An uptrend was seen from $0.0129 to $0.023. The resistance was at $0.0384, with the support at $0.0118.

Awesome Oscillator indicated steady momentum in the market

Bollinger Bands pointed towards expanding volatility in the market.

Relative Strength Index suggested that buying and selling pressures in the market were in equilibrium.

Conclusion

ETH and TRX were bearish, following the signs of the larger crypto-market.


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Sarvesh Kumar

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.

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