How does the 200-day moving average affect the price of Ethereum?

1 answers

• Nov 29, 2021 · 3 years ago
  The 200-day moving average is a widely followed indicator among traders and investors. It helps to smooth out short-term price fluctuations and provides a clearer picture of the overall trend. When the price of Ethereum is above the 200-day moving average, it suggests that the long-term trend is positive and the price may continue to rise. Conversely, when the price is below the 200-day moving average, it indicates a potential downtrend and the price may continue to fall. It's important to note that the 200-day moving average is just one tool among many used by traders, and it should be used in conjunction with other indicators and analysis for making informed trading decisions.
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