/ Ultima / 2019/01 / -Ethereum-ETH-long term-price-analysis-January-19 /
Long-term price analysis of Ethereum (ETH) – 19 January
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.
TradingView 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.
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