The Hourly View for ETH
Last Updated November 18, 2020, 21:16 GMT
Currently, ETH’s price is up $0.4 (0.08%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on ETH. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 came into today up 4.71% ($21.7) from the open of yesterday, marking the 2nd straight day an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 62.75% from the day prior, and up 435.98% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 5th for the day in terms of price change relative to yesterday. Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 17 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 VitalikButerin:
@cryptonews @novogratz @ethereum It was the Ethereum Foundation, not me as an individual!I’m grateful to @novogratz and other early purchasers of the EF’s ETH. If it weren’t for them, perhaps the EF would not have survived financially and ethereum would have had a harder time growing to where it is today!
- From TrustlessState:
Here’s the plan: Pump $ETH to $10KEthereum now at $1.2T The Ethereum ecosystem has a Trillion $$ it didn’t haveWe invest these gains into new projects, seed investments, companiesThese companies build more products over 2-3 yearsThen $ETH is legitimately worth $10K
- From scottmelker:
There’s a famous saying that stocks are the only thing that people refuse to buy when they are on sale. This also seems to apply to Alts. Specifically Ethereum.I want $ETH on sale and continue to aggressively DCA.
For a longer news piece related to ETH that’s been generating discussion, check out:
Ledger is ready for the Ethereum 2.0 revolution | Ledger
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11/17/2020
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