Ethereum receives a strong long-term technical score of 68 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 68% 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.
InvestorsObserver is giving Ethereum a 68 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ethereum!
Trading Analysis
Ethereum's price is -$186.0400000 (-10.17%) below its 100-day moving average price of $1,829.220000000 as its price at the moment sits at $1,643.180000000. Additionally, ETH is $562.0500000 (150.97%) higher than its 52-week low price of $1,081.140000000 while -$494.26000000 (76.41%) under its 52-week high of $2,137.450000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives ETH a strong long-term technical score of 68. Long-term trading movement of Ethereum suggest that investors are neutral on the coin at the moment.
Ethereum has a market capitalization of $197,538,864,879.79 and a relatively high average daily volume with $30,054,892,462.77 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ETH's volume is below its seven day average with 4,556,739,609.54 exchanged.
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
Trading patterns over the last year for Ethereum leads to the coin's a strong long-term technical score of 68 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin.
Click Here to get the full Report on Ethereum (ETH).
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