RATE Group | Ethereum (ETH) Long-term Price Analysis
36964
wp-singular,post-template-default,single,single-post,postid-36964,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ethereum (ETH) Long-term Price Analysis

30 Jul Ethereum (ETH) Long-term Price Analysis

Posted at 02:30h in Ethereum News by

[ad_1]

/latest/2018/07/ethereum-eth-long-term-price-analysis-2/

Ethereum (ETH) Long-term Price Analysis

ethereum-eth-long-term-price-analysis-2

  • A bullish Japanese candlestick can suddenly emerge to give ETH a boost and help it push past the distribution territory of $500.

  • A break below the territory of $420 can see its price go south to test the accumulation territory of $400.

ETHUSD Long-term Trend – Bearish

                                     

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

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

Ethereum is currently undervalued by the market, because of the weight of the US dollar that’s still in play. Over the past few weeks, the cryptocurrency has neither ben traded along the trend-line of the 14-day SMA or the 50-day SMA. The bulls managed to push its value upwards to touch the…

[ad_2]

Source link