The Hourly View for ETH
Last Updated November 17, 2020, 03:016 GMT
Currently, ETH’s price is up $0.65 (0.14%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 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
The back and forth price flow continues for Ethereum, which started today off at 461.01 US dollars, up 2.79% ($12.5) from yesterday. As for how volume fared, yesterday’s volume was up 163.56% from the previous day (Sunday), and up 195.12% from Monday of 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 yesterday. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone up 5 them.