The Hourly View for ETH
Last Updated November 29, 2020, 02:037 GMT
Currently, ETH’s price is up $2.98 (0.56%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as ETH has now gone down 4 of the past 5 hours. 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’s 4 day negative streak has officially concluded, as the candle from the day prior closed up 3.74% ($19.4). As for how volume fared, yesterday’s volume was up 31.87% from the previous day (Friday), and up 11.22% from Saturday of 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 the day prior. 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.