Ethereum (ETH) Price Near $2,753.10; Pin Bar Pattern Appearing on Chart, Moves Up For the 5th Day In A Row

The Hourly View for ETH

Last Updated April 30, 2021, 23:17 GMT

At the time of this writing, Ethereum’s price is up $4.7 (0.17%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them with price now being above it. 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 0.27% ($7.55) since yesterday, marking the 5th day in a row an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 23.4% from the day before — and down 48.98% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the day in terms of price change relative to yesterday. Here is a daily price chart of Ethereum.

ETH

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 8 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From ShardiB2:

    I get a lot of questions where people ask me if it is still ok to buy $ETH here.If I did not think it was still a buy, I would sell my longs.Until that day, I, personally believe, it is still a buy.Going higher IMO, much, much higher.#Ethereum #ETH4LIFE #Ultrasoundmoney

  • From NickGiambruno:

    Here are 7 reasons I am not optimistic about Ethereum’s long-term future.#1. It is not immutable and can be censored. The developers can roll back transactions and change the rules whenever they want. They can also be pressured by others – such as governments.

  • From TheCryptoLark:

    The more I think about it, the more I feel like I may never sell my #ethereum. It is going to be a deflationary asset with 5% annual rewards, ETH at 10k will be a passive income beast!

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

Bitcoin vs Ethereum: Investment Bank JPMorgan Explains Why ETH Is Outperforming BTC – Markets and Prices Bitcoin News

by
Kevin Helms
Investment bank JPMorgan has published a report explaining why ether is outperforming bitcoin….Do you agree with JPMorgan on ether outperforming bitcoin?