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/ Ultima / 2018/12 / -Ethereum-ETH-long term-price-analysis-December-22 /
Long-term price analysis of Ethereum (ETH) – 22 December
-Ethereum-ETH-long-term-price-analysis-December-22
- The bulls are expected to continue to build their position around $ 120 and $ 80 territories.
- In the event of a sudden rupture of the 50-day SMA trendline, there may be a movement towards $ 180 and $ 140.
ETHUSD Long-term trend: bullish
- Distribution territories: $ 160, $ 180, $ 200
- Accumulation territories: $ 60, $ 40, $ 20
This week, Ethereum has seen its prices increase against the US dollar. The cryptocurrency started pushing north against the 14-day SMA on December 17th.
TradingView Ethereum Chart
Recently, the cryptocurrency was blocked in movements ranging between $ 100 and $ 80. Most of its movements were going south under the sign of sale of the SMA of 14 days, but on December 17 a short peak saw push north towards the 120 $ of the territory. The 14-day SMA is now bending to the north, despite being below the 50-day SMA.
Stochastic oscillators have closed at about 75. The bulls are expected to continue to build their positions around $ 120 and $ 80 to have strong support for further upward movements. In the event of a sudden rupture of the 50-day SMA trendline, there may be a movement towards $ 180 and $ 140, but this could allow bears to regain control for a while.
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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