InvestorsObserver
×
News Home

Etho Protocol (ETHO): Does it Score Poorly on Short-Term Trading Metrics Saturday?

Saturday, April 01, 2023 12:16 PM | InvestorsObserver Analysts
Etho Protocol (ETHO): Does it Score Poorly on Short-Term Trading Metrics Saturday?

Etho Protocol receives a weak short-term technical ranking of 26 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. ETHO has a superior recent technical analysis than 26% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

Short-Term Technical - 26
InvestorsObserver is giving Etho Protocol a 26 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Etho Protocol!

Trading Analysis

Etho Protocol is $0.002002 (29.34%) higher than its 30-day low price of $0.006822273 while also -$0.004104 (-31.74%) lower than its high of $0.01292794 from the past month of trading. Meanwhile, ETHO's current price of $0.008824131 is under its average price of $0.009776042 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Etho Protocol suggest that traders are currently bearish on the coin.
Etho Protocol's market cap of $689,342.81 is relatively low for a coin. Etho Protocol's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Meanwhile, ETHO's average volume is low with $2,278,762.18 worth of the coin traded over an average 24 hour period. ETHO's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the last 24 hours, ETHO's volume is below its usual with $319,697.48 exchanged. Etho Protocol'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

Etho Protocol's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on Etho Protocol (ETHO).

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App