Is Ethereum (ETH) Trending Lower or Higher Monday?

Monday, January 03, 2022 09:35 AM | InvestorsObserver Analysts

InvestorsObserver gives Ethereum an average long-term technical score of 49 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 49% 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 Ethereum a 49 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

The current trading price of $3,822.480000000 for ETH is -$189.2900000 (-4.72%) below the coins 100-day moving average of $4,011.770000000. ETH meanwhile is $3,050.9100000 (493.99%) above its 52-week low of $771.560000000 and -$1,069.23000000 (77.94%) 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 49. The price movement and range of ETH suggest that investors are bearish on the coin at this time. Ethereum currently has a total market cap of $454,904,147,187.41 to go along with its average daily volume of $92,910,880,599.01 worth of the currency over the past seven days. ETH's volume is below its seven day average as of the past 24 hours, with 11,025,726,884.19 exchanged in that period. 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 49 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).