The Hourly View for ETH
Last Updated July 15, 2021, 18:17 GMT
At the time of this writing, Ethereum’s price is up $9.87 (0.52%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Ethereum has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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
1994.22 (USD) was the opening price of the day for Ethereum, resulting in the previous day being one in which price moved up 2.76% ($53.61) from the previous day. This move happened on lower volume, as yesterday’s volume was down 6.21% from the day before — and down 1.67% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
Coming into today Ethereum is now close to its 200 day averages, located at 2043.16 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 7 them.
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 TheCryptoLark:
#Ethereum processed 4 trillion on chain for around 0.25% in fees Paypal did 285 billion, fees of 3.4% (paid by merchants)With Optimism, Arbitrum, Polygon, and ETH 2.0 fees will drop even futher for Ethereum. #crypto has already won, most people just don’t realize it yet!
- 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!
In terms of news links for Ethereum here’s one to try:
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.