The cryptocurrency market saw a fall in prices as most cryptocurrencies fell owing to correction forces, despite Bitcoin [BTC] recording considerable gains. Ethereum [ETH] and Tron [TRX] corrected themselves after noting significant rises.
At press time, ETH was valued at $190.02 with a market cap of $20.15 billion. The 24-hour trading volume of the coin was noted to be $9.86 billion as the coin dropped by 3.04% over the past day. Over the past week, the coin noted a growth of 17.29% and was up by 0.13% over the past hour.
Support 1- $154.63
Support 2- $134.79
Bollinger Bands appeared to have converged, indicating reduced volatility in the market. The moving average line was under the candlesticks, marking a bullish market.
Awesome Oscillator indicated a strengthening bullish market.
Chaikin Money Flow pointed towards a bullish trend as the marker line moved above zero.
At press time, TRX was valued at $0.0245 with a market cap of $1.63 billion. The 24-hour trading volume of TRX was noted to be $840 million as it grew by 5.55% over the past week. In the past day, the token plunged by 3.15%, but managed to report a growth of 0.14% in an hour.
Parabolic SAR indicated a bullish trend as the markers aligned under the candlesticks.
MACD line was above the signal line marking a bullish market.
Relative Strength Index indicated that the buying and the selling pressures had evened each other out.
According to the long-term charts of ETH and TRX, a bullish market was forecast.