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/ Ultima / 2018/11 / -Ethereum-ETH-long term-price-analysis-16 /
Long-term price analysis of Ethereum (ETH)
-Ethereum-ETH-long-term-price-analysis-16
- A potential bearish movement could soon occur for Ethereum.
- Currently the cryptocurrency is traded between $ 220 and $ 180 territories, which could imply a strong price movement that could soon arrive for the crypt.
ETHUSD Long-term trend: range
Distribution territories: $ 350, $ 450, $ 550.
Accumulation territories: $ 150, $ 100, $ 50.
In the last trading sessions in October, the price of Ethereum was intensively traded under the 14-day SMA. In a couple of days, even though the cryptocurrency has featured a series of lower peaks, it has moved north past the 14-day and 50-day SMA trendlines to approach the $ 220 territory.
TradingView Ethereum Chart
Since then it has been trading around this territory and the 50-day SMA trend line. The 50-day SMA is above that of 14 days with a small space separating them. Stochastic oscillators have reached range 80, and now point south towards range 60, which suggests that a potential bearish movement may soon occur.
Currently the cryptocurrency is traded between $ 220 and $ 180 territories, which could imply a strong price movement that could soon arrive for the crypt. It would be nice to buy ETH when the price goes down.
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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