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Long-term price analysis of Ethereum (ETH)



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Long-term price analysis of Ethereum (ETH)

-Ethereum-ETH-long-term-price-analysis-10

  • Ethereum was not able to overcome resistance at $ 250.
  • The 50-day SMA is at $ 250 and each indicator shows that ETH will continue to vary between this and $ 200.

ETHUSD Long-term trend: range

Distribution territories: $ 350, $ 450, $ 550.

Accumulation territories: $ 150, $ 100, $ 50.

Ethereum has seen its price continue to move within a well-defined range between $ 250 and $ 200 territories this week. The $ 250 territory has proven to be a tough resistance that cryptocurrency has tested in recent days.

Ethereum, ETHUSD, Cryptocompare chartTradingView Ethereum Chart

The 14-day SMA trendline has moved into the area affected by the range throughout the week. Currently, the price is in line with the 14-day SMA trendline below the $ 250 territory while the 50-day SMA touches it. The 50-day SMA is located above the 14-day SMA with a small space between them.

Stochastic oscillators have moved slightly above the 60 range. They now indicate the north slightly and this could show that the lowest peaks occur on the market. For each indication, the price of Ethereum will continue to vary between $ 200 and $ 250 in the next trading sessions. Investors may still have to wait for the price to fall a bit to get into a long position.

The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your search


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