Ethereum (ETH) Closes Last Hour Down $-1.81; 3 Day Up Streak Broken, Crosses 100 Day Moving Average, Eyes 100 Day Average

October 7, 2020 Editor Ethereum 0

The Hourly View for ETH

Last Updated October 7, 2020, 01:037 GMT

Currently, ETH’s price is down $-1.81 (-0.53%) from the hour prior. This is the 2nd consecutive hour ETH has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Ethereum Daily Price Recap

Ethereum is down 3.67% ($12.99) since the day prior, marking a reversal from the day prior — and the end of a 3 day positive run. The price move occurred on stronger volume; specifically, yesterday’s volume was up 83.93% from the day prior, and up 4.1% from the same day the week before. On a relative basis, Ethereum was the worst performer out of all 7 of the assets in the Top Cryptos asset class during the day prior. Here is a daily price chart of Ethereum.

Ethereum Technical Analysis

Notably, Ethereum crossed below its 100 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone up 5 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From TheCryptoLoin:

    3 $ETH #Giveway ??
    To 10 random Winners ?
    0.3 ETH to Each ?
    Lucky Winners announce on OCT 21st !To participate fallow these easy steps:1️⃣ Follow @TheCryptoLoin

    2️⃣ Like + Retweet3️⃣Tag 3 Friends in comments along with #Eth AddressGood luck ??
    $btc $xrp @ethereum

  • From Eljaboom:

    . @JustLiquidity made the move from to #Ethereum & #BinanceSmartChain as easy as a blink of an eye ?
    Same supply, token, and price.
    Ask your erc20 project to use $Jul now!
    Move to the winning horse @binance without any risk.
    @cz_binance is the lead
    @JustLiquidity is the bridge

  • From RottenSwap:

    Here @RottenSwap, we love #Halloween ?
    All these zombies rotting… ?‍♀️?‍♂️?
    To celebrate, we’re organizing a #giveaway!!!
    666 $ROT for a lucky winner.
    Draw in 6 hours.
    How to participate?
    Just follow us, retweet and comment your #Ethereum address!