RATE Group | Ethereum (ETH) Long-term Price Analysis
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Ethereum (ETH) Long-term Price Analysis

06 Aug Ethereum (ETH) Long-term Price Analysis

Posted at 03:26h in Ethereum News by

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Ethereum (ETH) Long-term Price Analysis

ethereum-eth-long-term-price-analysis-3

  • The bulls weren’t able to stop the bears, as the cryptocurrency was pushed down .

  • The bulls will have to bring back a bullish trend, by braking through the distribution territory of $450 and stay above it for a long time.

ETHUSD Long-term Trend – Bearish

Distribution territories: $600, $650, $700.

Accumulation territories: $350, $300, $250.

Ethereum lost a considerable amount of value against the US dollar last week. The cryptocurrency, in its first trading day, got weakened to a bit above the accumulation territory of $450 and the bears took that advantage of it to push the market southwards toward another accumulation territory of $400.

Ethereum, ETHUSD, Cryptocompare chartEthereum Chart by TradingView

The bulls weren’t able to stop the bears, as the…

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