Ethereum (ETH) Closes Last Hour Down $-10.41; Moves Down For the 2nd Straight Day, in an Uptrend Over Past 14 Days

The Hourly View for ETH

Last Updated November 26, 2020, 02:037 GMT

At the time of this writing, ETH’s price is down $-10.41 (-1.83%) from the hour prior. ETH has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend 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 came into today down 5.88% ($35.58) from the open of yesterday, marking the 2nd straight day a decline has happened. The change in price came along side change in volume that was down 66.62% from previous day, but up 20.64% from the Wednesday of last week. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 6 out of the past 10 days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From VitalikButerin:

    One of the weirdest anti-ethereum arguments I see is “Vitalik said high fees are bad but look how high ETH fees went in 2020!!!”Like.. we have *multiple* massive multi-year efforts to solve that exact problem, and the first phase of one of them is literally launching next week.

  • From HukAleksandra:

    Is your portfolio growing? I don’t care what your’re holding, you deserve it. Well done for investing, regardless of all the naysayers you believed in your dream. You could of spent it on a new tv, drugs or takeaways. You chose to buy $ADA #XRP #Ethereum #BTC etc. I applaud you👏🏻

  • From RyanSAdams:

    The threshold to launch the eth2 mainnet has just been reached.On December 1st 2020 the Ethereum internet bond will launch and history will be made.If you are seeing this tweet you were here when it happened.ETH is money.🚀

As for a news story related to Ethereum getting some buzz:

Ethereum 2.0 Deposit Contract Has Enough Funds to Launch – CoinDesk

The last 25% of the ETH needed to trigger the contract was deposited in four hours….In order to become an Ethereum 2.0 validator, a user must stake a minimum of 32 ETH through the deposit contract.