InvestorsObserver gives Ethereum a weak long-term technical score of 16 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
ETH at this time has a superior long-term technical analysis score than 16% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.
Ethereum’s price is -$565.6400000 (-19.38%) below its 100-day moving average price of $2,919.090000000 as its price at the moment sits at $2,353.450000000. Additionally, ETH is $645.8500000 (137.18%) higher than its 52-week low price of $1,707.600000000 while -$2,538.25000000 (47.91%) under its 52-week high of $4,891.700000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives ETH an average long-term technical score of 16. Long-term trading movement of Ethereum suggest that investors are bearish on the coin at the moment.
Ethereum has a market capitalization of $284,086,151,730.02 and a relatively high average daily volume with $111,833,269,434.36 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ETH’s volume is below its seven day average with 27,732,672,895.48 exchanged.
This coin’s subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.
Technical analysis of Ethereum over the past year results in the crypto receiving a a weak long-term technical score of 16 as its price movement in that time has given traders reason to be bearish on the coin in the long-term.
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