Ethereum (ETH) Closes Prior Hour Up 0.44%; Heads Up For the 2nd Straight Day

The Hourly View for ETH

Last Updated April 1, 2021, 00:017 GMT

At the time of this writing, Ethereum’s price is up $8.36 (0.44%) from the hour prior. This is the 2nd consecutive hour Ethereum has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 is up 1.37% ($24.92) since the day prior, marking the 2nd straight day an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 31.72% from the day before — and down 11.47% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of price change relative to the day prior. The daily price chart of Ethereum below illustrates.

ETH

Ethereum Technical Analysis

Coming into today the current price of Ethereum is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone up 5 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From redphonecrypto:

    🤡 thoughts on Visa + $Ethereum1) The ground trembleth under mine feetHow much bigger of a news event can we possibly get? This is the beginning of blockchains becoming the de facto settlement layer for EVERY transaction of any value whatsoever moving forwardMore 🙃

  • From ZssBecker:

    Confession: If I’m around a girl I like and I subtly want her to know I’m rich and can blow money like a baller….Well…I take out my phone, angle the screen so she can see it and….Do basic things on the Ethereum network…

  • From sassal0x:

    The layer 2 ecosystem on Ethereum is going to usher in a new age of innovation that’s going to be crazier than the last 6 years combined.I can’t wait to see what people build when they’re unconstrained by the high costs and scalability limits of layer 1.

For a longer news piece related to ETH that’s been generating discussion, check out:

Bullish traders cast low-risk Ethereum options bets with this clever strategy

Risk-averse traders who believe Ethereum is in a bull trend often use the Iron Condor options strategy to limit their downside risk….The Iron Condor strategy allure is the potential 1.2 ETH gain while losses are limited below $1,600 at expiry.