Ethereum (ETH) Long-term Price Analysis –– March 23

Share On Facebook
share on Linkedin
Print

ETHUSD Long-term Trend – Ranging

©

 
• Distribution territories: $170, $190, $210
• Accumulation territories: $100, $80, $60

 
Ethereum’s price has in the long run seen its outlook remain ranging around the same zones. Currently, ETH is fluctuating around the $140 mark, and has been since the first few trading sessions of the week. The 14-day SMA is close to its price.

 
The cryptocurrency’s 50-day SMA is below the 14-day SMA. The Stochastic Oscillators are now close to range 60 and 40. Both the bears and the bulls are looking to get momentum to push te cryptocurrency away from its current zone, between the $140 and $120 areas.

 
Indicators seem to show the bulls may be able to find strength around the 50-day SMA’s line, which could see ETH rise to new highs. Traders can be looking out for a good buying set up around the indicator, or for a breakout around the $140 mark to enter a long position.

 

 

 

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

 

 

Source: https://www.cryptoglobe.com/markets

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220928 08:35:33