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Long-term price analysis of Ethereum (ETH) – 19 January

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Long-term price analysis of Ethereum (ETH) – 19 January

-Ethereum-ETH-long-term-price-analysis-January-19

  • Looking closely, we can bet $ 140 and $ 100 as the current current cryptocurrency range.
  • Operators are advised to be looking for an inversion that could occur around these brands.

ETHUSD Long-term trend: range

  • Distribution territories: $ 160, $ 180, $ 200
  • Accumulation territories: $ 90, $ 70, $ 50

The price of Ethereum has moved within an interval after the decline of last week which saw almost all cryptocurrencies fall. The cryptocurrency was traded around the $ 120 mark in the last trading sessions.

Ethereum, ETHUSD, Cryptocompare chartTradingView Ethereum Chart

The price of ETH is currently negotiated in a small space that can be found between both SMAs. It seems that the 14-day SMA is trying to overcome the 50-day SMA. Stochastic oscillators are at range 20 and can potentially begin to consolidate around this range. The fact that both SMAs are close to the $ 120 mark seems to show that the market is undecided.

Looking closely, we can bet $ 140 and $ 100 as the current current cryptocurrency range. Operators are advised to be looking for an inversion that could occur around these brands.

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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