Ethereum (ETH) Closes Last Hour Up $0.08; in an Uptrend Over Past 14 Days, Heads Up For the 2nd Consecutive Day, Price Base in Formation Over Past 90 Days

The Hourly View for ETH

Last Updated October 19, 2020, 11:16 GMT

At the time of this writing, ETH’s price is up $0.08 (0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 1 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 closed the previous day up 2.69% ($9.91); this denotes the 2nd consecutive day an upward move has occurred. The price move occurred on volume that was up 22.58% from the day prior, but down 12.88% from the same day the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! Here is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

First things first: Ethereum crossed above its 50 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 9 them.