• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Ethereum [ETH] Seeks Help From The Bulls To Get Back On Its Feet
Ethereum

Ethereum [ETH] Seeks Help From The Bulls To Get Back On Its Feet

March 6, 2021 by Sahana Kiran

All the coins in the crypto market were finally getting back on track. Ethereum [ETH], Cardano [ADA], and Uniswap [UNI] were seen faring better than the other coins. Bitcoin [BTC] was seen getting out of the red zone and was moving on to $48K. The market cap of the king coin was noted at $898 billion and continued reigning in the crypto market. The global crypto market cap was seen moving downwards at $1.44 trillion.

Ethereum [ETH] finally made its way to $2K. However, this trend was interrupted by the bears in the market. The bears posed a huge barrier between the asset and $2K. The altcoin was finally trying to garner the gains it had lost during the past few days. At press time, ETH was trading for $1,569.81 with a 6.78% rise in the last 24-hours. The market cap of ETH was noted at $180.36 billion.

Ethereum [ETH] One-Hour Price Chart

Ethereum

The bulls were camping in the ETH market while the bears tried to enter. The indicators used in the short-term price chart were all pointing out at the bulls. The Parabolic SAR indicator had laid out dotted lines below the candlesticks. This line acted as support against any immediate downfalls. But, a single dot was seen forming over the candlesticks alerting the presence of the bears. The Chaikin Money Flow indicator was way over zero further affirming the presence of the bulls.

The Money Flow Index was seen in the buyers’ arena as its marker was over the 50 median.

Ethereum [ETH] One-Day Price Chart

download 52

The Bollinger Bands indicator used in the one-day price chart of ETH suggested that the altcoin could face an increase in volatility as the bands were wide apart. The green closing bars formed by the Awesome Oscillator indicator were seen alerting the market about the presence of the bulls.

The Relative Strength Index indicator was seen residing earthward revealing a sellers’ market.

Filed Under: News, Altcoin News Tagged With: Ethereum (ETH)

Primary Sidebar

Recent Posts

  • Uniswap [UNI] Garners Maximum Gains While Bears Haunt The Crypto Market April 23, 2021
  • Is Ethereum a Better Asset Allocation for Performance Right Now? April 22, 2021
  • Turkish Crypto Exchange Users Succumb to Losses After CEO Absconds April 22, 2021
  • Tron [TRX] Bulls Stagnate Near $0.12 After Remarkable Comeback April 22, 2021
  • Bitcoin To Encounter “Major Correction” Warns Guggenheim’s Scott Minerd April 22, 2021


Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2021 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.