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Analysis of long-term prices of Ethereum (ETH)



/ latest version 2018/09 / ethereum-eth-long-term-price-analysis-9 /

Ethereum (ETH) Long-term price analysis

ethereum-et-long-term-price- analysis -9

  • Last week the price of Ethereum decreased significantly compared to the US dollar.
  • We can now see the cryptocurrency range between $ 250 and its minimum near $ 170.

Long-term trend of ETHUSD – Bullish

Distribution territories: $ 400, $ 450, $ 500 [19659008] 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, ETHUSD, Cryptocompare chart 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.

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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