TRX News

IOTA, Tron, Ethereum Price Analysis: 01 August – AMBCrypto English

Over the past 10 days, Bitcoin, the world’s largest cryptocurrency, seems to have reasserted its dominance on the market again. Not only did Bitcoin maintain its price level above its previous resistance, but its surge had a corresponding effect on the prices of the market’s altcoins. While not all altcoins appreciated on the back of Bitcoin’s gains, the likes of Ethereum, Tron, and IOTA were not among them.

Ethereum [ETH]

Source: ETH/USD on TradingView

Ethereum, the world’s largest altcoin, has been one of the market’s best-performing cryptocurrencies over the past week. In fact, after weeks of sideways movement on the charts, ETH went on to do one better after it surged past the levels it had set in February 2020. At the time of writing, ETH, priced at $351.25, was trading at its highest price point since July 2019.

Over the past week, ETH was observed to have hiked by an exponential 25% on the charts.

Ethereum’s technical indicators reflected the scale of ETH’s surge on the charts as while the Parabolic SAR’s dotted markers well well placed below the price candles and implied bullishness, the Chaikin Money Flow remained healthy over 0.20.

Even on the network level, Ethereum has been doing very well lately, with its miners’ rewards higher than ever and the network more sustainable than how it was back in 2017-18.

Tron [TRX]