Altcoins continued to push forward against bearish resistance in the market as Ethereum [ETH] and Tron [TRX] witnessed a minor hike and a minor fall, respectively. At press time, Ethereum was rising by 1.27 percent against the US Dollar. The market capitalization recorded was around $18.2 billion, and the token was priced at $171.85.
Tron [TRX] continued to witnessed a decline and fell by 1.37 percent. The token was valued at $0.025 and the market cap remained at $1.62 billion. The trade volume recorded over the past 24 hours was positive, amounting to $731 million.
Ethereum one-day chart
Ethereum’s [ETH] one-day chart suggested that its price was consolidating sideways between the resistance of $181.84 and the long term support of $122.46. An uptrend extended the price from $140.08 to $181.27.
The Bollinger Bands indicated a volatile period for the coin as the bands were diverging on the chart.
The Fisher Transform indicated a bearish ride for the token since the red line was hovering over the blue line.
The MACD line was above the red line in the chart, pointing towards a bullish trend.
Tron one-day chart
Tron’s [TRX] one-day chart exhibited an uptrend which stretched the valuation from $0.0253 to $0.0307, followed by a downtrend from $0.0293 to $0.0251. Strong resistance remained at $0.0309 and the long-term support was at $0.0224.
The Parabolic SAR was bullish for the token as the dotted markers hovered below the candlesticks.
The Awesome Oscillator was a mix of both bearish and bullish momentum.
The Chaikin Money Flow line was below the zero line, implying that there was no capital flowing into the token’s market.
Indicators for both Ethereum and Tron remained predominantly split between bullish and bearish pressure.