Ethereum (ETH) Price Near $2,032.42; Heads Down For the 2nd Day In A Row, Breaks Below 200 Day Average

The Hourly View for ETH

Last Updated July 15, 2021, 01:017 GMT

Currently, Ethereum’s price is up $28.5 (1.42%) from the hour prior. Ethereum has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 closed the day prior down 4.54% ($92.27); this denotes the 2nd day in a row a decline has happened. The change in price came along side change in volume that was up 13.37% from previous day, but down 5.18% from the Wednesday of last week. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 6th since the day prior in terms of percentage price change. The daily price chart of Ethereum below illustrates.

ETH

Ethereum Technical Analysis

First things first: Ethereum crossed below its 200 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 7 out of the past 14 days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From TheCryptoLark:

    Here are 7 reasons that I remain mega bullish on #ethereum, why I continue to cost average in, why I continue to buy oversold dips, and why I will hold my ETH until the multi trillion market valuation comes… at which point I will be staking and making sweet passive income!

  • From chriswallace:

    If you’re collecting NFTs mostly on ethereum but have been interested in trying out tezos, now is a good time to make the jump. Lots of pieces being listed for low prices on the secondary market. Hen v2 launched and working well. Hop on the train!

  • From beaniemaxi:

    NFT Supercycle Survival Guide👇✅ Bet on teams, not ideas.✅ Utility over everything else.✅ CryptoPunks are the 🐐✅ Buy 1/1 high quality crypto art✅ 99% of cartoon avatars will inevitably be zeros.✅ Long term value will likely be on Ethereum.✅ Contracts matter

As for a news story related to Ethereum getting some buzz:

Brazil Becomes The First Country In Latin America To Approve Ethereum Exchange Traded Fund (ETF) : ethereum

I am just wondering what’s the point of having an ETH ETF rather than just having people buy ETH directly?…Here in Sweden profits on crypto are taxed by 30%, whereas you can get wayyy lower tax rates on an investment savings account, so crypto ETF’s are extremely advantageous….Some companies / people are not allowed to invest in crypto yet- this gives them crypto exposure in the traditional market.