The Hourly View for ETH
Last Updated October 14, 2020, 15:16 GMT
Currently, ETH’s price is up $0.22 (0.06%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 2 Of note is that the 50 hour changed directions on ETH; it is now pointing down. 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 6 day positive streak has officially concluded, as the candle from the day prior closed down 1.42% ($5.5). This move happened on lower volume, as yesterday’s volume was down 30.62% from the day before — and down 13.01% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 6th 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
The first thing we should note is that 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. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Ethereum’s price has gone up 19 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From CRYPTOFIED1:
It’s a Big Day TODAY🔥 as @dypfinance draws the Winners for the 10 Ethereum $ETH #Giveaway TODAY 🤑The $DYP Community Crowdsale Whitelist Application form will also be LIVE TODAY 🚀Also TODAY, a special Bounty Campaign 🎁 for Twitter, Discord & Telegram will be launched ⭐
- From stealthswap:
Tomorrow at 22:00 UTC we will be deploying StealthPay on Ethereum’s mainnet! 😊StealthPay is the first dapp on Ethereum to offer users an inexpensive way to receive payments anonymously.We will have support for ETH/OWL/DAI/USDT/USDC at launch with more coming soon!
- From BanklessHQ:
With Ethereum 2.0 approaching, @VitalikButerin will return to the Bankless Podcast……to revisit some of the fundamentals design principles that Ethereum 2.0 has been built on:- Why PoS?
– Why Sharding?
– Why ETH Issuance?
– Why 1559?What questions do you want asked?
For a longer news piece related to ETH that’s been generating discussion, check out:
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