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Ethereum (ETH) Analysis of long-term prices September
ethereum-et-long-term-price – analysis-september
- The crypt struggled to survive the strong downtrend of September 5 which eventually led to the price decline on the territory of $ 168 or so.
- Price action has moved north to a little above the 14-day SMA trend line.
Long-term trend in the price of Ethereum – Ranging
Distribution territories: $ 350, $ 450, $ 550
Accumulation territories: $ 150, $ 125, $ 100.
were light increases in the market valuation of Ethereum as negotiated against the US dollar last week. Price action has remained in or around well-defined territories with a limit of $ 250 and $ 200.
Ethereum Chart by TradingView
Ethereum struggled to survive the sharp fall of September 5, which eventually led to a fall in prices to a minimum of $ 168. Since then, price action has been progressively shifting. to the north a little above the 14-day SMA trend line.
The 50-day SMA is above the 14-day SMA. The stochastic oscillators have moved north for a short interval of 40. However, they still point to the north. However, despite the bullish signals of the current movements towards the top of Ethereum, it is not enough to assume that an upward trend in the market has finally come to play.
Traders should exercise the competition until the price has reached the upper or lower limits of the interval. From there they can exchange the range or wait for a breakout or a breakdown, both are equally likely for now.
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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