After Ethereum’s uptrend took a break, it started to appreciate again on its charts, trading near its price cap of $ 4,033.45. Tron logged a 2.2% gain over the last 24 hours and moved near its multi-month high. MATIC registered a 2.7% fall but its parameters flashed bullish signals.
Ethereum (ETH)
Ethereum has noted a slight rise of 1.7% on its chart over the past 24 hours. The altcoin was priced at $3930.65 and has been oscillating between $4033.45 and $3855.11 price levels, over the last three days. The coin’s techniques indicated mixed trade signs.
MACD flashed red bars in its histogram. Awesome oscillator also demonstrated that the downward movement in prices had not yet fizzled out. In case of a move to the downside, the immediate support was at $3855.11, while the additional levels stood at $3387.05 and $2946.43. This latest price point marked a four-week low for ETH.
On a positive note, ETH remained above the 4- hour 20-SMA line, which implied that the market was in favor of the buyers. In correspondence, relative strength index was above the 60 mark. With a push from the bulls, ETH could trade near its all-time high at $4033.45.
Polygon (MATIC)
MATIC fell 2.7% after hitting a multi-month high in the past 24 hours. It was trading at $1.70. The nearest support line for the coin stood at $1.53. The other support line expected $ 1.38 and $ 1.28 respectively.
MACD continued to flash green histograms, although they were receding over the past trading sessions. The relative strength index, on the other hand, remained bullish above the 60 mark.
Chaikin Money Flow moved up, north of its midline, after noting an uptick signifying increased capital inflows. If MATIC sees a rise, overhead resistance stood at $ 1.76.
In a latest development, Polygon completed its integration with Dharma, an Ethereum-based wallet that helps connect bank accounts to DeFi platforms. This announcement may be of interest to investors as users can now purchase DeFi tokens without having to worry about network fees.
Tron (TRX)
Tron rose by 2.2% over the last 24 hours and was trading at $0.104. It has been seen trading near its four month high price point and with an upward movement maintained it could retest $ 0.107.
Relative Strength Index was parked above the 60-mark, implying that buying strength existed in the market. Bollinger bands were squeezed, signaling extremely low price volatility.
Conversely, MACD flashed red bars on its histogram. If the bears take control, prices could drop to sit at $ 0.095. Failing to trade above the same would result in TRX trading near its weekly low of $0.088.
