The Hourly View for ETH
Last Updated April 2, 2021, 23:17 GMT
At the moment, Ethereum’s price is up $8.63 (0.41%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Ethereum has now gone up 8 of the past 10 hours. Regarding the trend, note that the strongest trend exists on the 100 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 came into today up 2.53% ($48.59) from the open of the previous day, marking the 4th consecutive day an upward move has occurred. The price move occurred on volume that was down 17.89% from the day prior, but up 3.92% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 5th since the previous day in terms of percentage price change. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ethereum’s price has gone up 8 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From CryptoMichNL:
As a reminder;#Ethereum started 2017 at $10. It started in 2018 at $1,000. Those are the possibilities a bull market can bring. If $ETH really starts to run, it’s a matter of time until we’ll be seeing $5,000+.
- From BredGarlicHouse:
1/ #VeFam, let’s talk about the role of $VET and $VTHO have in the ecosystem.
In a single token network such as Ethereum, holding $ETH gives you two things:
1) Ownership of part of the network
2) Right to participate in the network
- From nashsocial:
In the second stage of our integration, Nash will let you buy Ethereum-based assets like $ETH and $AAVE and send them directly to Polygon’s Layer-2 network, bypassing network fees and gaining immediate access to the growing Polygon dapp ecosystem. 3/4
As for a news story related to Ethereum getting some buzz:
What are the programming languages that are used to write smart contracts on Ethereum?…There are two popular programming languages that are typically used to write Ethereum smart contracts….On Ethereum, all transactions and smart contract executions require a small fee to be paid….If there are more people interacting on the Ethereum blockchain such as transacting in ETH or executing a smart contract operation, due to the limited amount of computing resources on the network, Gas price can increase.