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

03 Sep Ethereum (ETH) Long-term Price Analysis

Posted at 03:51h in Ethereum News by

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Ethereum (ETH) Long-term Price Analysis

ethereum-eth-long-term-price-analysis-7

  • The cryptocurrency’s price has been slowly averaging towards the $330 mark.

  • . A bullish trend is expected to be confirmed if the cryptocurrency manages to breach the $330 mark and manages to stay above it for some time.

ETHUSD Long-term Trend – Ranging

Distribution territories: $500, $550, $600.

Accumulation territories: $200, $150, $100.

Ethereum’s price has been moving in a range-bound zone between the territories of $330 and $250 over the past week. The cryptocurrency recorded lower highs and lower lows in said period, and today, September 2, saw its price push past the 14-day SMA. It’s still under the 50-day SMA.

Ethereum, ETHUSD, Cryptocompare chartEthereum Chart by TradingView

The cryptocurrency’s price has been slowly averaging towards the…

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