Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. Among all the assets available on CoinStats, these have the most similar market capitalization to ETHPlus. The token page shows information such as price, total supply, holders, transfers and social links.
For example, many cryptos have made ethplus coin impressive gains despite bank failures and economic uncertainty in international financial markets. This may indicate that investors have turned away from risky banks and turned to crypto, which has delivered historic long-term benefits. Just like with any other asset, the price action of ETHPlus is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of ETHP.
- If you’re acquiring ETHPlus as an investment, take a look at your financial goals, your investment fund, and your portfolio.
- It is impossible to predict what ETHPlus will be worth in five years.
- All content on this page is used for informational purposes only.
- In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA).
- Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the ETHP price.
Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. Past performance is not necessarily indicative of future results. The ETHPlus exchange rate sometimes moves with changes in the wider economy.
You are solely responsible for compliance with all laws that may apply to you and your use of Cindicator products. Cryptocurrencies and blockchain technologies have been the subject of scrutiny by various regulatory bodies across the globe. You also assume all legal, economic and any additional risks in relation to Cindicator, including its legal uncertainty, market volatility (variability), and information security risks among others.
- These tools can roughly be divided into indicators and chart patterns.
- Most traders use candlestick charts, as they provide more information than a simple line chart.
- This may indicate that investors have turned away from risky banks and turned to crypto, which has delivered historic long-term benefits.
- The current ETHPlus sentiment is bullish according to our technical analysis.
- The RSI indicator suggests that the price of ETHP will decrease.
The market capitalization of ETHPlus can change significantly in a short period of time. The ETHPlus price prediction on CoinCodex is calculated using the historical ETHPlus price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic ETHPlus prediction.
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold.
MicroStrategy invests $561 million in Bitcoin amid market pullback
For currencies that are negatively correlated with ETHPlus, a move in one direction for ETHPlus would translate into a move in the opposite direction for the negatively correlated coin. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. You must be the account holder in order to initiate a SEPA bank transfer and purchase ETH on Kriptomat.
Token Information
If you’re purchasing tokens to use an app or play a game, explore the website and see how much you’ll need. If you’re acquiring ETHPlus as an investment, take a look at your financial goals, your investment fund, and your portfolio. Smart investors build portfolios of 10 or more cryptocurrencies, balancing factors like anticipated growth rates, volatility, market niche, and more. CoinCodex tracks 38,000+ cryptocurrencies on 200+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders.
Factors influencing the Price of ETHPlus
There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 29.90, which indicates that the ETHP market is in a oversold position. The RSI indicator suggests that the price of ETHP will decrease. ETHPlus traders use a variety of tools to try and determine the direction in which the ETHP market is likely to head next.
It is impossible to predict what ETHPlus will be worth in five years. Therefore, it is impossible to accurately predict the price of ETHPlus 5 years from now. CoinCarp does not currently have price data for ETHPlus as it has yet to be listed on any cryptocurrency exchanges (CEX or DEX).
The 200-day SMA is calculated by taking ETHPlus’s closing prices in the last 200 days, adding them together, and dividing the total by 200. Political events, the world economy, celebrity endorsements, and market news are among the countless factors that influence cryptocurrency prices. To see how ETHPlus tracks the overall market, check out our comprehensive cryptocurrency price page. Access ETHPlus tokens before they are listed on centralised exchanges. Get the best rates and purchase with your card or bank account, all on one platform.
Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about ETHPlus’s price action in 1-hour chunks. Each candlestick will display ETHP’s opening price, closing price, as well as the highest and lowest prices that ETHPlus reached within the 1-hour period. The live ETHPlus exchange rate varies from moment to moment as transactions take place on exchanges all over the world.
These tools can roughly be divided into indicators and chart patterns. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. Based on multiple technical quantitative indicators, the current forecast for ETHPlus in 2024 is bullish. This could be an indication that ETHPlus is a good buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy ETHPlus or not.
Depending on the jurisdiction, the use of Cindicator products may be restricted. You agree that Cindicator is not responsible for determining which laws may apply to you and your use of Cindicator products. Cindicator may restrict the use of its products for citizens and residents of certain jurisdictions. The information herein is only a summary and does not purport to be complete. Stoic uses hedge fund-grade quantitative research and advanced algorithms to build and manage a portfolio of crypto assets. By leveraging its automated trading bot, Stoic analyzes price data, returns, volatility, correlations, and other factors to identify coins with high growth potential.
