What do the Short-Term Technicals Predict for iEthereum (IETH) Tuesday?

Tuesday, June 06, 2023 12:43 PM | InvestorsObserver Analysts

iEthereum receives a weak short-term technical ranking of 3 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. IETH has a superior recent technical analysis than 3% of tokens 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.

InvestorsObserver is giving iEthereum a 3 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on iEthereum!

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Trading Analysis

iEthereum is $0.001831 (11.29%) above its 30-day low of $0.016225709 while -$0.046963 (-72.23%) below its 30-day high of $0.06502035. In addition, IETH's current price of $0.018056889 is under its 30-day moving average price of $0.045670179, leading to a weak short-term technical score. Overall the recent trading history of iEthereum suggest that investors are bearish on the token at the moment. iEthereum's market cap of $325,024.01 is relatively low for a token. iEthereum'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, IETH's average volume is low with $65.96 worth of the token traded over an average 24 hour period. IETH'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, IETH's volume is below its usual with $9.85 exchanged.

Summary

IETH's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on iEthereum (IETH).