Ethereum (ETH) Closes Last Hour Up $8.44; Moves Up For the 3rd Day In A Row, in an Uptrend Over Past 90 Days

The Hourly View for ETH

Last Updated February 19, 2021, 23:17 GMT

At the time of this writing, Ethereum’s price is up $8.44 (0.43%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. 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 closed the previous day up 4.78% ($88.47); this denotes the 3rd day in a row an increase has occurred. As for how volume fared, yesterday’s volume was up 16.78% from the previous day (Wednesday), and up 14.33% from Thursday of the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! Let’s take a look at the daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethereum’s price has gone up 8 of the previous 14 trading days.

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 sassal0x:

    Yes, I’m extremely fired up today.I didn’t work my ass off for 4 years to help spread the word about Ethereum to watch a centralized scam chain be promoted as if it’s something to compare Ethereum to.I will fight against this forever – you can hate me for it all you want.

  • From TheCryptoDog:

    Noobs have been viciously angry at Ethereum for the high fees for over half a year now.Serious question – why hasn’t $ETH scaling been a bigger priority? Or is it just not technically possible? (If so, shouldn’t this be a bigger point of discussion? Why build on ETH for future)

  • From thorchain_org:

    Binance Smart Chain is not a competitor to Ethereum. It’s the pressure relief valve allowing ETH to stay decentralised while the DeFi TAM can grow. It’s a great addition to the space giving time for ETH L2 and ETH 2.0 to get ready which don’t need to be rushed.$BNB $ETH

In terms of news links for Ethereum here’s one to try:

Labor SMART, Inc. To Accept Bitcoin and Ethereum as Payment Other OTC:LTNC

By giving our clients the option to pay in Bitcoin or Ethereum, not only are we giving them more flexibility with how they manage their own cash flow, but we will save on processing fees.” Mr. Schadel continued, “Mainstream institutions are embracing crypto for its potential as a value store, payment method, and investment….About Labor SMART, Inc. Labor SMART, Inc.