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

16 Sep Ethereum (ETH) Long-term Price Analysis

Posted at 21:25h in Ethereum News by

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Ethereum (ETH) Long-term Price Analysis

ethereum-eth-long-term-price-analysis-9

  • Ethereum’s pice has significantly dropped against the US dollar this past week.

  • We may now see the cryptocurrency range between $250 and its low close to $170.

ETHUSD Long-term Trend – Bullish

Distribution territories: $400, $450, $500.

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

Ethereum’s pice has significantly dropped against the US dollar this past week. On September 9, the cryptocurrency kept forming various lower lows, until on September 12 it hit a new yearly low of $167.

Ethereum, ETHUSD, Cryptocompare chartEthereum Chart by TradingView

On September 13, the cryptocurrency saw its price suddenly spike upwards, giving it the strength to briefly push past its 14-day SMA. Its price has now been averaging towards the $250 territory, around…

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