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/ Ultima / 2018/11 / -Ethereum-ETH-long term-price-analysis-15 /
Long-term price analysis of Ethereum (ETH)
-Ethereum-ETH-long-term-price-analysis-15
- Ethereum is still trading around the $ 200 area.
- Some believe that ETH is bound to rebound in the near future, but such a move could be impossible if the $ 170 territory is violated southward
ETHUSD Long-term trend: range
Distribution territories: $ 350, $ 450, $ 550.
Accumulation territories: $ 150, $ 100, $ 50.
This week we saw the price range of Ethereum in similar movements to what we saw in last week's trading sessions. The cryptocurrency has kept its price around the territory of $ 200. September 11 dropped to around $ 170, which remains the lowest point it has seen this year.
TradingView Ethereum Chart
The 50-day SMA and the 14-day SMA are separated by a small space. Stochastic oscillators have exceeded radius 50 and now point north. This means that the cryptocurrency is trying to regain value against the US dollar, which is gaining strength.
Some believe that ETH is destined to rebound in the near future, but such a move could be impossible if the $ 170 territory is violated to the south. The $ 225 territory should also be considered as if it were broken to the north, a potential uptrend could be behind the corner.
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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