Ethereum (ETH) Closes Last Hour Up $6.45; 2 Day Down Streak Ended, Breaks Above 20 Day Average, in an Uptrend Over Past 30 Days

The Hourly View for ETH

Last Updated April 26, 2021, 03:017 GMT

Currently, Ethereum’s price is up $6.45 (0.26%) from the hour prior. Ethereum has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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

2322.14 (USD) was the opening price of the day for Ethereum, resulting in the day prior being one in which price moved up 4.76% ($105.58) from the day prior. The price move occurred on volume that was up 26.91% from the day prior, but down 41.81% from the same day the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since the day prior. Here is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

Notably, Ethereum crossed above its 20 day moving average yesterday. 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 30 day timeframe, which shows price moving up over that time. Also of note is that on a 14 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 10 days Ethereum’s price has gone down 6 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From MattWallace888:

    @TMFUltraLong #Dogecoin in a nutshell: – 5 times lower transactions fees than Ethereum per 1 million transacted.
    – Only 5 billion can be mined a year. Will take 25 years to double.
    – Best community
    – Elon Musk, Coinbase listing, it’s fun making people like you annoyed. DOGE is Awesome!

  • From Croesus_BTC:

    The closest Eth got to flippening Bitcoin was June 17, 2017. #Bitcoin was just $8B larger than Ethereum.Lately, Eth fans have been celebrating their gains vs. Bitcoin. The gap between the two has recently shrunk to… $720B. Bitcoin’s network effect lead has grown ~100x.

  • From TheCryptoLark:

    Polygon, the top #ethereum layer 2 is going nuts! Integrations with Aave, Pooltogether, Sushiswap, Open Sea, Curve Finance, Decentraland, and loads of other big #defi applications. TVL on Aave on Polygon nearing 1 billion. $matic undervalued

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

Weezer Is Doing ‘OK Crypto’ NFTs—But Not on Ethereum – Decrypt

Menu Reading Search About OK Human meets NFTs for ‘OK Crypto’ collectibles….But unlike most, if not all, of those musicians, Weezer has opted against Ethereum in a favor of a competing network to mint its wares, explaining in a tweet that it would be “better for the environment.” The NFTs will be released on the WAX blockchain and are based on the band’s most recent album, OK Human—but more specifically, they’re based on a limited run of physical toys inspired by the album, created by Death By Toys.