ETHUSD Long-term Trend: Sideways
Accumulation territories: $800.00, $700.00, $600.00
Distribution territories: $900.00, $1000.00, $1,100.00
The market has been moving sideways for some days as this suggests that it has recovered its last seen bearish level of $800.00 as at the time of writing. The 13-day moving average has crossed 50-day moving averages respectively.
Traders or investors can take the advantage by entering the trade around accumulation territories between $800.00 and $900.00 and exit the trade around $1,100 or other distribution territories at $1,200 and $1,300.