Ethereum (ETH) Long-term Price Analysis
Distribution territories: $200, $220, $240 Accumulation territories: $60, $40, $20
The ETHUSD market has seen a notable decrease in valuation between November 19 and 22 while $160 and $120 marks were broken southwards. The cryptocurrency pair had in the long run gone downwards to test the last immediate territory of $100 on about three occasions. All the trading sessions have been occurring underneath the 14-day SMA’s trend-line sell signal until now. The market has been hovering within $120 and $100 territories below the 14-day SMA’s trend-line. There is a visible space between the two SMAs as the 50-day SMA is located over the 14-day SMA.
About Ethereum (ETH): Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
Ethereum (ETH) is the 3rd largest cryptocurrency by market cap size. It is up 5.70% over the past 24 hours and is currently trading at $119.77. It can be bought with fiat dollars, credit cards, or debit cards on cryptocurrency exchanges such as Coinbase, CEX.io, and Changelly.