ETHUSD Long-term Trend – Ranging
- Distribution territories: $210, $230, $250
- Accumulation territories: $130, $110, $90
The market valuation of ETHUSD remains around the same ranging spots of $180 and $160 marks that it has kept for quite a while. The market’s current price action has now made those two trade points to be vital in determining the next direction of the crypto-trade.
Likewise, the crypto’s 14-day SMA is also still seen within the range zones. The 50-day SMA is located a bit over $140 point. Presently, the price has been hovering around a small space found between the 14-day SMA and the $180 upper range zone. The Stochastic Oscillators are seemingly consolidating around range 40. The ETHUSD market’s movement to the north direction tends to have had a foundation form from the lower range spot, but yet still lacks the capacity to drive out of it. Therefore, there could be more of variant range price movements as long as the crypto-market is bereft of volatility as a result of absence from the market by the two major trade-movers.
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