What do the Short-Term Technicals Predict for Etho Protocol (ETHO) Thursday?

Thursday, March 28, 2024 06:06 PM | InvestorsObserver Analysts

InvestorsObserver gives Etho Protocol an average short-term technical score of 60 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. ETHO has currently traded better than 60% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Etho Protocol a 60 Short-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

Etho Protocol is $0.002567 (73.17%) higher than its 30-day low price of $0.003508211 while also -$0.001913 (-23.95%) lower than its high of $0.00798807 from the past month of trading. Meanwhile, ETHO's current price of $0.006075271 is under its average price of $0.006212129 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Etho Protocol suggest that traders are currently neutral on the coin. Etho Protocol's market cap of $474,601.35 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 $304,942.08 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 $39,416.51 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 trading over the past 30 days leads to its an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the coin in the near future. Click Here to get the full Report on Etho Protocol (ETHO).