DAILY NOTION - Ethereum, OmiseGo & Tron, Asian Wrap 11 Nov

Ethereum's 2.0 upgrade might be the catalyst for a new bull run

Data from Dune Analytics reveals that 52,801E TH have been sent to the Ethereum 2.0 deposit contract over the past few days. This amounts to 10% of the 524,000 tokens threshold needed to launch the upgrade into mainnet. As core developers continue to lock up their coins in the contract they are incentivized for a quick launch, which could positively affect prices.

OmiseGO (OMG) faces strong resistance barriers, bears aim to go below $3

After reaching a high of $4.11 on Sept 29, OmiseGO has dropped drastically to $2.77 on Nov 4. Since then, the price has found healthy support and managed to bounce up. However, several technicals have turned bearish, which doesn’t bode well for the payments platform.

Tron Price (TRX) faces repeated rejections at key resistance

Tron reached a high of $0.40 on Sept 3, TRX dropped to $0.025 over the next 18 days. Following that, the price trending in a narrow channel between $0.027 and $0.025, facing multiple rejections at the 50-day SMA. The buyers are attempting a comeback in the hourly chart.

Source: FXSTREET