/ Ultima / 2019/01 / -Ethereum-ETH-long-term-price-analysis-January-5 /
Long-term price analysis of Ethereum (ETH) – 5 January
ETHUSD Long-term trend: bullish
- Distribution territories: $ 200, $ 220, $ 240
- Accumulation territories: $ 90, $ 70, $ 50
The uptrend in Ethereum continued in the first trading sessions of this year. The cryptocurrency was able to keep its upward price movements above the trend lines of both SMAs.
TradingView Ethereum Chart
The price of cryptocurrency is approaching the value of $ 160, which was previously tested on December 24th. The latest low ETH hit around the $ 80 mark. The 14-day SMA recently passed the 50-day SMA
Stochastic Oscillators entered the overbought zone for a short time and headed north. The price of Ethereum seems to consolidate above the two SMAs. The critical zone between $ 120 and $ 100 is one to pay attention in case the market trend reverses. If it's broken, it could lead to new lows.
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