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Ethereum (ETH) Long-term price analysis
ethereum-et-long-term-price- analysis -7
- The cryptocurrency price has been slowly on average towards the value of $ 330.
- . An upward trend is expected to be confirmed if the cryptocurrency manages to breach the value of $ 330 and will manage to stay on for a while.
ETHUSD long-term trend – Interval
Distribution territories: $ 500, $ 550, $ 600 [19659008] Accumulation territories: $ 200, $ 150, $ 100.
Ethereum's price is moved to a restricted area between territories of $ 330 and $ 250 in the last week. The cryptocurrency recorded lower peaks and lower lows in that period, and today, September 2, has seen its price push past the 14-day SMA. It is still under the 50-day SMA.
Ethereum Chart by TradingView
The cryptocurrency price has been slowly averaging around $ 330. The 50-day SMA is below the $ 400 distribution territory, as the 14-day SMA is slightly bent north to the below it.
Stochastic oscillators have moved the distance between 40 and the north. This suggests that a bullish movement is still ongoing. An uptrend is expected to be confirmed if the cryptocurrency manages to breach the value of $ 330 and will manage to stay on for a while. A bullish boost could meet a strong distribution territory at $ 350 and, as a result, the price of ETH could be pushed south towards the $ 250 mark. Investors can wait until the cryptocurrency does not go down to buy it. .
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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