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

22 Jul Ethereum (ETH) Long-term Price Analysis

Posted at 21:35h in Ethereum News by

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Ethereum (ETH) Long-term Price Analysis

ethereum-eth-long-term-price-analysis-1

  • There seem to be strong distribution territories above the immediate distribution territory of $500.00.

  • A bearish trend is expected, but the accumulation territory of $400.00 is a strong support point that the bears won’t be able to easily breach

ETHUSD Long-term Trend – Bearish

                                     

Distribution territories: $600.00, $650.00, $700.00.

Accumulation territories: $350.00, $300.00, $250.00.

Ethereum surged against the US dollar last week. The week before, cryptocurrency lost a significant portion of its value. Later on, it started moving in a range movement between July 11 and 14.

Ethereum, ETHUSD, Cryptocompare chartEthereum Chart by TradingView

The bears initially trying to push the…

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