Ethereum (ETH) Price Near $1,317.90; Heads Up For the 3rd Day In A Row, Pin Bar Pattern Appearing on Chart, in an Uptrend Over Past 30 Days

The Hourly View for ETH

Last Updated February 1, 2021, 02:017 GMT

Currently, Ethereum’s price is down $-0.97 (-0.07%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Ethereum. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Ethereum Daily Price Recap

Ethereum is up 0.02% ($0.22) since the previous day, marking the 3rd day in a row an increase has occurred. The price move occurred on volume that was down 63.96% from the day prior, but up 4.21% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 6th since the previous day in terms of percentage price change. 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 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ethereum’s price has gone up 6 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From alezan111bye:

    The genius move of Ripple: force the SEC to defend itself against its own allegations.The SEC:
    – ICO token are security.
    – Ethereum had an ICO but is not a security.Ripple asked the SEC in its response to explain why Ethereum is not a security (knowing XRP had no ICO ever).

  • From TheStalwart:

    Said it before but I’m still struck by the thought…While it’s easy to assume that $GME would crash soon, the fact that memecoins like Doge and Ethereum have lasted so long and done so well, makes me question my prior assumptions about how long these things can last.

  • From rektcapital:

    $ETH has rejected from its ATH three times in the past twelve daysBut each rejection has led to a shallower & shallower pullbackBuyers are happy to buy ETH at a premium on the dipHow many times does ETH need to challenge its ATH before it finally gives way?#Ethereum

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

XRP Interest on Social Media at its Highest Since September 2018 – Ethereum World News

View Real-time price charts and historical BTC Line chart data….The increased interest in XRP has also resulted in a significant increment in new account activations.