Ethereum (ETH): Does it Score Poorly on Long-Term Trading Metrics Saturday?

Saturday, December 04, 2021 06:14 AM | InvestorsObserver Analysts

Ethereum receives an average long-term technical score of 43 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, ETH holds a superior long-term technical analysis score than 43% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Ethereum a 43 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ethereum!

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Trading Analysis

Ethereum's price is $53.70 (1.40%) above its 100-day moving average price of $3,840.02 as its price at the moment sits at $3,893.72. Additionally, ETH is $3,360.72 (728.47%) higher than its 52-week low price of $533.00 while -$997.98 (79.39%) under its 52-week high of $4,891.70. 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 43. Long-term trading movement of Ethereum suggest that investors are bearish on the coin at the moment. Ethereum has a market capitalization of 461,798,912,938.98 and a relatively high average daily volume with 170,874,812,439.03 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 39,906,812,721.39 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.

Summary

ETH's historical trading over the past year gives it a an average long-term technical score of 43 as its price movement in that time has given investors reason to be bearish on the coin in the long-term. Click Here to get the full Report on Ethereum (ETH).