Etho Protocol (ETHO): Does it Score Well on Long-Term Trading Metrics Friday?

Friday, June 02, 2023 06:25 PM | InvestorsObserver Analysts

InvestorsObserver gives Etho Protocol an average long-term technical score of 42 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. ETHO at this time has a superior long-term technical analysis score than 42% 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.

InvestorsObserver is giving Etho Protocol a 42 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Etho Protocol!

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Trading Analysis

The current trading price of $0.006171187 for ETHO is -$0.0032430 (-34.45%) below the coins 100-day moving average of $0.009414216. ETHO meanwhile is $0.0011145 (-217413.83%) above its 52-week low of $0.005056637 and -$0.13177114 (-7244.93%) under its 52-week high price of $0.137942329. Etho Protocol'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 42. The price movement and range of ETHO suggest that investors are bearish on the coin at this time. Etho Protocol has a market capitalization of $482,094.34 and a relatively low average daily volume with $2,068,330.32 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ETHO's volume is below its seven day average with 317,512.75 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

Technical analysis of Etho Protocol over the past year results in the crypto receiving a an average long-term technical score of 42 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on Etho Protocol (ETHO).