Ethereum receives a strong long-term technical score of 84 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, ETH holds a superior long-term technical analysis score than 84% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.
The current trading price of $3,087.230000000 for ETH is $125.6300000 (4.24%) above the coins 100-day moving average of $2,961.600000000. ETH meanwhile is $1,379.6300000 (180.15%) above its 52-week low of $1,707.600000000 and -$1,804.48000000 (62.91%) 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 a strong long-term technical score of 84. The price movement and range of ETH suggest that investors are neutral on the coin at this time.
Ethereum currently has a total market cap of $371,623,519,653.37 to go along with its average daily volume of $116,654,186,658.39 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 16,159,751,552.81 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.
Technical analysis of Ethereum over the past year results in the crypto receiving a a strong long-term technical score of 84 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
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