The Hourly View for ETH
Last Updated October 15, 2020, 23:16 GMT
Currently, ETH’s price is up $0.51 (0.14%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 1 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 closed the previous day down 0.62% ($2.37); this denotes the 2nd consecutive day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 10.86% from the day before — and down 24.74% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
Notably, Ethereum is now close to its 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 18 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:
- From TheCryptoLark:
Investors are currently buying #Apple valued at 2.1 trillion, and yields only 0.68% dividend. Yet some think that investors won’t buy #Ethereum which could yield 5% and only has a market cap of 43 billion! $eth will go insane over the next few years.
- From ricburton:
6 years ago I sat in a hacker house in San Francisco and listened to @gavofyork talk about how the big tech companies had way too much power and how blockchains like @ethereum could help swing the pendulum back towards the people.Today it feels like absolutely everyone agrees.
- From Chloethedev:
Imma publicly state this now… Because I know it’s gonna happen muhahhaha 🥰💞. I’m excited about @NEARProtocol (yes, mostly because of @mintbase), but there’s also some other cool stuff I’ve been learning about it along the way and gosh, Ethereum has been tough to play with.
As for a news story related to Ethereum getting some buzz:
Breitling Goes Live With Ethereum-Based System to Put All New Watches on the Blockchain – CoinDesk
So it’s not surprising that when it comes to stamping provenance on luxury items, Arianee is not alone. Back in March of last year luxury brand conglomerate LVMH, owner of the Louis Vuitton label, said it was preparing to launch a blockchain-based authenticity system (code-named AURA)….But we would certainly be interested in speaking with them about ways to merge the projects or at least find ways to make them interoperable.” Sign up for our newsletter By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
