The Hourly View for ETH
Last Updated October 12, 2020, 01:036 GMT
At the moment, ETH’s price is down $-0.07 (-0.02%) from the hour prior. The hourly chart shows that ETH has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Ethereum Daily Price Recap
Ethereum closed the day prior up 0.95% ($3.52); this denotes the 5th straight day an increase has occurred. The change in price came along side change in volume that was down 44.74% from previous day, but up 12.86% from the Sunday of last week. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
First things first: Ethereum crossed above its 50 day moving average yesterday. For additional context, note that price has gone up 9 out of the past 14 days.