Ethereum: USD/ETH (ETH=) falls from 277 USD to 210 USD over the last 30 days
Ethereum’s last 30 days have been full of struggles and downfalls. The coin has been dragged from 277 USD only to be traded around 210 USD in this same period. We will analyze Ethereum’s price movement over the last 30 days. Let us look at the current details of the coin first.
ETH Current Statistics-
|Ethereum (ETH)||13th August 02:56 UTC|
|ROI (Return on Investment)||7,320.01%|
|Coin Circulation||107,297,699 ETH|
|Market Cap||22,550,430,001 USD|
|Value in USD||210.00 USD|
|Value in BTC||0.01844506 BTC|
|24h Volume||5,653,308,993 USD|
On 12th July, Ethereum was near 277 USD. Suddenly, it started falling and reached 205 USD by 15th July. This marks the starting of Ethereum’s struggle. After a few hours of strengthening, the coin again went down and this time it touched the lowest point of the month at 203 USD by 24th July.
However, the coin could get a push of 16.44% and by 06th August, it was near 236 USD. The latest variation came as a devaluation of the coin by 14.15% and it took the coin to 203 USD. The current value of Ethereum against USD hovers around 210 USD.
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 245.83.
The projected lower bound is: 169.98.
The projected closing price is: 207.90.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 2 white candles and 8 black candles for a net of 6 black candles. During the past 50 bars, there have been 20 white candles and 30 black candles for a net of 10 black candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 45.9812. This is not an overbought or oversold reading. The last signal was a buy 2 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 40.87. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 27 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -92. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 15 period(s) ago.
Rex Takasugi – TD Profile
FOREX ETH= closed down -2.520 at 209.850. Volume was 82% below average (consolidating) and Bollinger Bands were 66% narrower than normal.
Open High Low Close Volume___
212.420 212.770 206.530 209.850 12,831
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 217.67 247.36 193.78
Volatility: 51 89 86
Volume: 53,709 70,577 57,490
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FOREX ETH= is currently 8.3% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of ETH= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on ETH= and have had this outlook for the last 2 periods.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.