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Ethereum (ETH): How does it rank Wednesday on long-term trading metrics?

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Wednesday 01 February 2023 17:21 | InvestorsObservers Analysts

Ethereum receives a strong long-term technique score of 71 from InvestorsObserver analysis. Our proprietary scoring system considers trading patterns over the past few months to a year by analyzing the coin’s consistency, volatility, and relative position against long-term averages to determine if it is a solid investment opportunity. Currently, ETH holds a long-term technical analysis score above 71% of cryptocurrencies. Long-term investors employing a buy and hold strategy will find the long-term ranking particularly relevant when allocating their assets and may find additional value by finding cryptos with a high short-term technical score to uncover. coins that have bottomed out.

Long Term Technique - 71
InvestorsObserver gives Ethereum a long-term technical rank of 71. Find out what this means for you and get the rest of the Ethereum leaderboard!

Business analysis

ETH is currently $295.5100000 (21.92%) above its 100-day moving average price of $1,347.980000000 with its current price of $1,643.490000000. Meanwhile, Ethereum is $747.3800000 (182.17%) above its 52-week low price of $896.110000000 and $-1,930.47000000 (45.71%) below its 52-week high of $3,573.960000000. The current price against its moving average and 52-week highs and lows leads to a strong long-term technical score of 71. Ethereum’s long-term trading history trends suggest that traders are currently neutral on the room. Ethereum has a total market value of $201,119,727,211.67 with a high average daily volume of $62,927,958,507.99 of the currency traded over a typical 24-hour period. In the past 24 hours, ETH volume is below its average with $8,049,942,937.43 traded in total. Distributed software platform of the subclass of this part: A platform is a decentralized infrastructure designed for a specific purpose. These can take the form of exchanges for cryptocurrency trading, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing, and big data collection, among others.


ETH’s historical trading over the past year gives it a strong long-term technical score of 71, as its price movement over this period has given investors reason to be neutral on the coin at long term.

Click here for the full Ethereum report (ETH).

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