/ latest version 2018/09 / ethereum-eth-long-term-price-analysis-9 /
Ethereum (ETH) Long-term price analysis
ethereum-et-long-term-price- analysis -9
Long-term trend of ETHUSD – Bullish
Distribution territories: $ 400, $ 450, $ 500  Accumulation territories: $ 150, $ 100, $ 50.
Last week, the price of Ethereum dropped significantly against the US dollar. On 9 September, the cryptocurrency continued to form several lower lows, until September 12, touching a new annual minimum of $ 167.
Ethereum Chart by TradingView
On September 13, the cryptocurrency suddenly saw its price rise dramatically, giving it the strength to briefly push its 14-day SMA. Its price is now on average around $ 250, around the 14-day SMA. There is still a significant gap between the SMA of 14 and 50 days.
Stochastic Oscillators have traversed the overbought zone to move beyond the range of 20. Now they point north to suggest a movement towards the top. There may now be a chance to see the cryptocurring fluctuations move between the $ 250 territory and its last lowest price of $ 167 in the next trading days.
We could see a bullish markus if the crypt convincingly exceeds $ 250 or sees a strong turnaround. Traders can wait for better actions to enter the market.
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