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

23 Sep Ethereum (ETH) Long-term Price Analysis September

Posted at 18:13h in Ethereum News by

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Ethereum (ETH) Long-term Price Analysis September

ethereum-eth-long-term-price-analysis-september

  • The crypto has been struggling to survive from the strong bearish move that occurred on Sept. 5 that eventually brought about the price decline to the territory of $168 or thereabouts.

  • Price action has been successively ranging northwards a bit above the 14-day SMA’s trend-line.

Ethereum Price Long-term Trend – Ranging

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

Accumulation territories: $150, $125, $100.

There were slight increases in the market valuation of Ethereum as traded against the US dollar last week. The price action stayed in or around the well-defined range-bound territories marked at $250 and $200.

Ethereum, ETHUSD, Cryptocompare chartEthereum Chart by TradingView

Ethereum has been struggling to survive…

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