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Ethereum (ETH) Long-term Price Analysis –– March 30

ETHUSD Long-term Trend – Ranging

  • Neither the bulls nor the bears have been able to push Ethereum’s price over its current range as they lack the strength to do so.
  • While the bulls look unable to do so on the long run, some opportunities may come for the bears to take ETH down to the $110 accumulation territory.
  • Distribution territories: $170, $190, $210
  • Accumulation territories: $110, $90, $70

Ethereum has been trading within a specific range for nearly a month now, around the $140 mark. The time the cryptocurrency made a notably short move over it was on March 16, although its SMAs are still located around it.

Ethereum Chart by TradingView

Looking at the cryptocurrency we can see it’s trading within a specific range, between the $140 and $120 marks. The Stochastic Oscillators are currently pointing north at range 40.

Neither the bulls nor the bears have been able to push Ethereum’s price over its current range as they lack the strength to do so. While the bulls look unable to do so on the long run, some opportunities may come for the bears to take ETH down to the $110 accumulation territory.

What do you think?

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Written by Ravi Gupat

Ravi grew up in India and graduated in Economics. He is a serial entrepreneur who has founded and exited several companies in tech and media over the past 15 years. He is also an early stage investor and advisor in various blockchain-based companies.

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