Ethereum (ETH) Closes Last Hour Down $-8.81; in an Uptrend Over Past 30 Days

The Hourly View for ETH

Last Updated January 28, 2021, 00:017 GMT

Currently, Ethereum’s price is down $-8.81 (-0.71%) from the hour prior. Ethereum has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. 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

The choppiness in the recent daily price action of Ethereum continues; to start today, it came in at a price of 1368.22 US dollars, up 3.77% ($49.75) since yesterday. This move happened on lower volume, as yesterday’s volume was down 15.58% from the day before — and down 20.38% from the same day the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since yesterday. Let’s take a look at the daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 10 out of the past 14 days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:

  • From n2ckchong:

    I know there’s angst about Ethereum transaction fees during times of congestion, but- Robinhood was down for 2 hrs
    – TD Ameritrade has placed restrictions on GME trades
    – Trading 212 had disrupted service
    – Regulators suggested a 30-day GME halt.DeFi is a way out of all this.

  • From EFDevcon:

    The #Ethereum ecosystem has accomplished so much since we last got together for #Devcon, but as excited as we are to reunite in Bogota, we’ve made the difficult decision to hold for a bit longer rather than pushing ahead with our August date.

  • From MartiniGuyYT:

    How is it possible to feel bearish right now?I see so much nonsense on twitter#Bitcoin is still in a bullmarket
    #Ethereum is about to moonshot to $1 billion per coinThis is not bearish, this is price consolidation in recent price discovery at the same time, it is healthy!!!

In terms of news links for Ethereum here’s one to try:

Wrapped SCRT is Now Live on Ethereum! – Secret Network

💎⛏
Wrapped Secret (wSCRT), a synthetic ERC20 version of SCRT (Secret Network’s native coin), is now live on Ethereum mainnet and on Uniswap!…Today we have an exciting announcement: Wrapped Secret (wSCRT), a synthetic ERC20 version of SCRT (Secret Network’s native coin), is now live on Ethereum mainnet!…The token address for wSCRT is: https://etherscan.io/token/0x2b89bf8ba858cd2fcee1fada378d5cd6936968be The Uniswap pool address for ETH / wSCRT is: https://info.uniswap.org/pair/0x438d3e9cacab4614a8f1613ac7b182378d76e1f8 You can also find wSCRT listed on Coingecko: https://www.coingecko.com/en/coins/secret-erc20 The Secret Ethereum Bridge has been live on mainnet since December, allowing users to turn their ETH and ERC-20s into Secret Tokens – privacy-preserving tokens on Secret Network that follow the SNIP-20 standard….Similar to the steps in the last section describing how to turn secretSCRT into wSCRT, you can turn wSCRT back into secretSCRT on Secret Network by using the Secret Ethereum Bridge: Once you’ve unwrapped your wSCRT in this manner, you can leave your new secretSCRT as a privacy token or easily convert it to SCRT (again, consult this easy guide).