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/ Ultima / 2018/12 / -Ethereum-ETH-long term-price-analysis-December-15 /
Long-term price analysis of Ethereum (ETH) – 15 December
-Ethereum-ETH-long-term-price-analysis-December-15
- In recent weeks, the price of Ethereum has declined and, as a result, has fallen below its 14-day SM trend line.
- The 14-day SMA trend line is an important indicator as it may suggest the emergence of a bullish trend if broken to the north.
ETHUSD Long-term trend: range
Distribution territories: $ 160, $ 180, $ 200
Accumulation territories: $ 60, $ 40, $ 20
The value of Ethereum declined relative to the US dollar, while its price ranged between $ 100 and $ 80 from 7 December. The cryptocurrency ecosystem has become more opaque than the weak forces of the two main movements of the market, bears and bulls.
TradingView Ethereum Chart
In recent weeks, the price of Ethereum has declined and, consequently, has gone below the trend line of its 14-day SMA. The last time the two SMAs were close, one in the other was again on November 15, since the 50-day SMA has been above the 14-day SMA since then.
Stochastic oscillators are apparently moving south into the oversold zone. The price of Ethereum has not been able to withstand the selling pressure it has undergone in the last trading sessions. The 14-day SMA trend line is an important indicator as it may suggest the emergence of a bullish trend if broken to the north.
The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research.
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