Long-term price analysis of Ethereum (ETH) – December 1st

ETHUSD Long-term trend: range

• Distribution territories: $ 200, $ 220, $ 240
• Accumulation territories: $ 60, $ 40, $ 20

The ETHUSD market saw a significant decline in valuation between 19 and 22 November while $ 160 and $ 120 were split south. The long-term cryptocurrency pair went down to test the last immediate territory of $ 100 on about three occasions.

TradingView Ethereum Chart

Until now, all trading sessions have occurred under the sales signal of the 14-day SMA trendline. The market was suspended between $ 120 and $ 100 below the 14-day SMA trend line. There is a visible space between the two SMAs since the 50-day SMA is on 14-day SMA.

Stochastic oscillators still appear to be moving in a consolidation model around the 25 range. This suggests that bears have not yet been completed with the sale. The $ 100 mark now appears as a key market point that its break up south could lead to a new low score between $ 80 and $ 40 points. An interruption over the territory of $ 140 could allow the crypto to see a high value around $ 180 or $ 200 where the 50-day SMA is found.

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