InvestorsObserver gives Ethereum an average long-term technical score of 47 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 47% 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.
Trading Analysis
The current trading price of $1,549.240000000 for ETH is $39.8700000 (2.64%) above the coins 100-day moving average of $1,509.370000000. ETH meanwhile is $653.1300000 (171.66%) above its 52-week low of $896.110000000 and -$3,342.47000000 (31.47%) under its 52-week high price of $4,891.700000000. Ethereum’s current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 47. The price movement and range of ETH suggest that investors are bearish on the coin at this time.
Ethereum has a total market value of $189,357,756,207.84 with an high average daily volume of $95,138,929,795.05 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ETH’s volume is below its average with $10,570,232,288.93 exchanged in total.
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.
Summary
Technical analysis of Ethereum over the past year results in the crypto receiving a an average long-term technical score of 47 as its price movement in that time has given traders reason to be bearish on the coin in the long-term.
