Steve Wozniak, the co-founder of Apple,In the past, Wozniak had recently commented that ‘Ethereum can be the next Apple’.
Technical analysis is used by traders to analyze price movements of the cryptocurrency to form a trade with better risk-reward, entry and exists.
Ethereum (ETH) Price Predictions / Ethereum (ETH) Forecast
| After | Price | Change |
|---|---|---|
| 1 day | $286.1907 | 0.38% |
| 1 week | $287.3462 | 0.78% |
| 1 month | $282.4845 | -0.92% |
| 6 months | $363.4013 | 27.46% |
| 1 year | $522.2578 | 83.17% |
| 5 years | $1,714.2323 | 501.23% |
We've applied Technical Analysis to the price of Ethereum (ETH/USD) for today and predict where price is headed.
The Commodity Channel Index (CCI) is a momentum-based technical trading tool used to determine when a market is overbought or oversold. Commodity Channel Index is showing Neutral signal, with value at -67.44.
The Relative Strength Index (RSI) is an important indicator for measuring the speed and variation of price movements. Its value ranges from zero and 100. The value around 30 and below is considered an oversold region and over 70 as oversold regions. Relative Strength Index is showing Neutral signal, with value at 33.2.
The stochastic oscillator is a momentum indicator that compares the closing price of a security with the price range over a specific period. Stochastic oscillator is showing Neutral signal, with value at 22.05.
200 days Exponential Moving Average is at 513.91, showing Sell signal, Ethereum is trading below it at $285.12. 9 days Hull Moving Average is indicating Buy action with value at 278.96, Ethereum is trading below it at $285.12. 10 days Exponential Moving Average is indicating Sell since Ethereum is trading at $285.12, below MAs value of 297.28.
50 days Simple Moving Average is indicating Sell action with value at 406.76, Ethereum is trading below it at $285.12. 100 days Exponential Moving Average is indicating Sell action with value at 457.86, Ethereum is trading below it at $285.12. 30 days Exponential Moving Average is indicating Sell action with value at 352.21, Ethereum is trading below it at $285.12.
30 days Simple Moving Average is indicating Sell since Ethereum is trading at $285.12, below MAs value of 370.69. 20 days Exponential Moving Average is indicating Sell since Ethereum is trading at $285.12, below MAs value of 326.86. 10 days Simple Moving Average is at 287.9, showing Sell signal, Ethereum is trading below it at $285.12.
Also Read: Uses of Cryptocurrencies
50 days Exponential Moving Average is indicating Sell action with value at 391.07, Ethereum is trading below it at $285.12. 20 days Simple Moving Average is indicating Sell action with value at 329.09, Ethereum is trading below it at $285.12. 100 days Simple Moving Average is indicating Sell since Ethereum is trading at $285.12, below MAs value of 479.5.
200 days Simple Moving Average is indicating Sell since Ethereum is trading at $285.12, below MAs value of 572.9. 20 days Volume Weighted Moving Average is indicating Sell since Ethereum is trading at $285.12, below MAs value of 315.44. 9 days Ichimoku Cloud Base Line is at 361.27, showing Neutral signal, Ethereum is trading below it at $285.12.
Other Technical Price Analysis for today:
Bitcoin (BTC/USD) Price Prediction via Technical Analysis for 22 August 2018
NEO (NEO/USD) Price Prediction via Technical Analysis for 22 August 2018
Ripple (XRP/USD) Price Prediction via Technical Analysis for 22 August 2018