Ethereum, ATOM, Tron, ETC Price Analysis: 11 April
Despite the recent selling spree, Ethereum bulls have held on to the $3,100 support whilst the king alt showed gradual improvements on its 4-hour RSI. Similarly, Cosmos buyers showed up in the $25-$26 range to stall its ongoing sell-off.
On the other hand, Tron witnessed a death cross of its EMAs on the 4-hour timeframe while ETC fell below its Point of Control.
Source: TradingView, ETH/USD
During its slump phase, ETH lost the crucial $3,500-mark while the bears flipped this level to immediate resistance. The bearish rally led ETH to lose more than half its value as it fell towards its multi-month low in late January.
Since then, the alt grew by nearly 47% in the last 11 weeks. Recently, ETH saw an up-channel breakdown from the $3,500 resistance. As the $3,100 support stood sturdy, the alt briefly consolidated in a Rectangle (yellow) on its 4-hour chart.
At press time, ETH was trading at $3,171.7. After a reversal from the oversold mark, the bearish RSI bounced back in an up-channel. Any close below the 37-support could lead to further retracements.
Source: TradingView, ATOM/USDT
ATOM found an oscillation range between the $25-$34-makr for over five weeks. The recent sell-off phase led ATOM to lose nearly 22% (from 3 April) of its value until it touched its one-month low on 11 April.
Soon after, the bulls stepped in at the $25-$26 range. From here on, the 20 EMA (red) would be an immediate hurdle for the bulls. At press time, ATOM was trading at $26.39. The Supertrend continued to be in the red zone and favored the bearish vigor.
Source: TradingView, TRX/USDT
Since its January lows, the bulls propelled a gradual recovery that was short-lived by the 78.6% Fibonacci resistance. Further, The 61.8% Fibonacci level posed some problems
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