Investors Observer gives Ethereum a long-term average technical score of 47 from its research. The proprietary scoring system takes into account the historical trading patterns from the last months to a year of the support and resistance levels of the coin, as well as where it is relative to the long term averages. The analysis helps determine if this is a strong buy-and-hold investment opportunity currently for traders. ETH right now has a long-term technical analysis score above 47% of the cryptocurrencies out there. Long-term Rank will be more relevant to buy-and-hold investors who are looking for steady strong growth when allocating their assets. The combination of a high long-term and short-term technical score will also help portfolio managers discover the coins that have bottomed out.
The current trading price of $ 1,549.240000000 per ETH is $ 39.8700000 (2.64%) above the coin’s 100-day moving average of $ 1.509.370000000. ETH meanwhile is $ 653.1300000 (171.66%) above its 52-week low of $ 896.110000000 and – $ 3.342.47000000 (31.47%) below its high price of 52 weeks of $ 4,891,700000000. Ethereum’s current price relative to the long-term average of the coins and the 52-week high and low, gives the cryptocurrency a long-term average technical score of 47. The price movement and range of ETH suggests that investors are bearish on the currency right now. Ethereum has a total market value of $ 189,357,756,207.84 with a high average daily volume of $ 95,138,929,795.05 of currency traded over a typical 24 hour period. Over the past 24 hours, the volume of ETH is below average with $ 10,570,232,288.93 traded in total. Distributed software platform subclass of this coin: A platform is a decentralized infrastructure designed for a purpose. These can take the form of cryptocurrency trading exchanges, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed processing, and big data collection, among other things.
Technical analysis of Ethereum over the past year causes crypto to have received a long-term average technical score of 47 as its price movement over that period gave traders reason to be bearish on the coin in the long term. Click here to get the full Ethereum (ETH) report.