Ethereum (ETH) Price Near $1,799.43; Moves Down For the 3rd Consecutive Day, in a Downtrend Over Past 14 Days

The Hourly View for ETH

Last Updated July 21, 2021, 03:017 GMT

At the time of this writing, Ethereum’s price is up $4.75 (0.26%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Ethereum has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Ethereum Daily Price Recap

Ethereum came into today down 1.76% ($32.08) from the open of yesterday, marking the 3rd consecutive day it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 49.57% from the day prior, and up 39.7% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since yesterday in terms of percentage price change. Below is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 7 out of the past 10 days.