Ethereum (ETH) Closes Prior Hour Down -0.23%; Heads Up For the 3rd Day In A Row

The Hourly View for ETH

Last Updated April 2, 2021, 00:017 GMT

At the moment, Ethereum’s price is down $-4.43 (-0.23%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Ethereum has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 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 4.22% ($77.68) since the previous day, marking the 3rd day in a row an increase has occurred. The price move occurred on volume that was up 81.86% from the day prior, but down 16.58% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the previous day in terms of percentage price change. Below is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 16 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From charliebilello:

    1. Stocks: all-time high
    2. Home prices: all-time high
    3. Crypto (Bitcoin/Ethereum): all-time highs
    4. Inflation expectations: highest since 2008
    5. Fed: we need 0% rates through at least the end of 2023 & trillions more in bond buying to boost asset prices & increase inflation.

  • From cyounessi1:

    Five Easy Steps to becoming a Bitcoin maxi1. Skip the Ethereum ICO (1 BTC invested then worth ~$4 million today
    2. Buy in at $15, but sell at $8 after the DAO hack
    3. Short at $85 in Dec 2018
    4. Short again at $120 in March 2020
    5. Join your friends on Clubhouse in March 2021

  • From Privatechad_:

    Solana’s ecosystem has been growing at an exponential rate. The @solana ecosystem has attracted several top tier projects, but adoption has not yet reached levels of Ethereum or BSc. I expect this to change soon with one of the main catalysts being @solstarterorg. Let me ELI5.

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

Bullish traders cast low-risk Ethereum options bets with this clever strategy

Risk-averse traders who believe Ethereum is in a bull trend often use the Iron Condor options strategy to limit their downside risk….The Iron Condor strategy allure is the potential 1.2 ETH gain while losses are limited below $1,600 at expiry.