Ethereum (ETH) Closes Prior Hour Up 0.19%; Heads Up For the 5th Day In A Row

The Hourly View for ETH

Last Updated January 7, 2021, 03:017 GMT

At the moment, Ethereum’s price is up $2.25 (0.19%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists 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 9.74% ($107.4) since the previous day, marking the 5th day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 27.52% from the day prior, and up 468.34% from the same day the week before. 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 the previous day. Below is a 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 21 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From ErikVoorhees:

    @lightcoin @hudsonjameson @martindale @ryanunderdev @SatoshiChela @adam3us @RskSwap @SovrynBTC Unfortunately I think the maxis made Bitcoin pretty unwelcoming to experimentation and app developers, they all went to Ethereum, and the network effect now exists clearly there. I don’t think the maxis care though, they have their gold 2.0 narrative, for better or worse.

  • From johnkim77:

    Bitcoin is king and always will be. Ethereum is interesting but need a lot of work. #Litecoin just works flawlessly with Zero downtime for 9+ yrs. With #MWEB implementation, #LTC becomes complete as SOUND MONEY. Oh, one last thing. $LTC will out perform both % wise 2021.

  • From iamDCinvestor:

    Once #Ethereum fully transitions to Proof of Stake, it won’t take the world long to realize that it’s superior to Proof of Work in almost every way:- far greener / no meaningful carbon emission
    – more secure (with economic bonding vs hashrate)
    – allows $ETH to generate income

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

Fetch Price of Ethereum, Bitcoin, & Crypto in Solidity

Now that we understand the need for accurate and reliable price data in Solidity smart contracts and the important role that Chainlink Price Feed oracles play, we’ll go through an example of using a Chainlink Price Feed to obtain the latest price of Ethereum in a Solidity smart contract….Chainlink Price Feeds use multiple high quality data inputs and aggregate them through a decentralized network of Chainlink oracles that feed price data into reference contracts, where the results are again aggregated in an Aggregator Smart Contract as the latest, trusted answer….The easiest way to get external price data using Chainlink oracles is to begin with a standard Chainlink APIConsumer contract….Chainlink Price Feeds provide a reliable way to get high quality Bitcoin, Ethereum, and other cryptocurrency price data into Solidity smart contracts.