The Hourly View for ETH
Last Updated April 6, 2021, 03:017 GMT
At the moment, Ethereum’s price is down $-0.34 (-0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Ethereum. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Ethereum Daily Price Recap
Ethereum came into today up 1.5% ($31.11) from the open of yesterday, marking the 2nd day in a row an upward move has occurred. The price move occurred on volume that was up 32.85% from the day prior, but down 15.33% from the same day the week before. On a relative basis, Ethereum was the worst performer out of all 7 of the assets in the Top Cryptos asset class during yesterday. Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 10 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From QuintenFrancois:
I absolutely LOVE how everyone is now saying ” $LINK is overrated”, ” #Chainlink is trash”, …This is the most obvious bottom signal. It literally is the fastest growing ecosystem ever seen in crypto (yes, more than Ethereum in the first 1.5 years) and only the 10th in rank.
- From iamDCinvestor:
i don’t think Ethereum folks actually care much about other people not liking Ethereum or ETHbut one thing we won’t tolerate after years of BS in the bear market is being gas lightedif you don’t engage in good faith discussion, expect to be called out by pretty much everyone
- From PopsicleFinance:
To celebrate our community #ISVIKINGER and the first week of $ICE here it is our first Twitter Giveaway! 🎁Like and retweet this post + follow @PopsicleFinance for a chance to win this Ethereum Domain:@ensdomains 🦍🤝💪.eth Apes Together Strong #NFT !Thanks to @hype4rt !♥️
For a longer news piece related to ETH that’s been generating discussion, check out:
Don’t Miss Market Moving News Ethereum looks set to launch Proof-of-Stake this year. Ethereum could ship Proof-of-Stake before the year is out. Justin Drake, one of the researchers working on Ethereum 2.0, shared a poll earlier today, showing that 86% of those he surveyed are in favor of fast-tracking the update to launch in 2021….The proposal inspired Drake to coin the term “ultrasound money” to refer to ETH, and it’s been embraced by other Ethereum believers in recent weeks. Drake explained that EIP-1559, along with proof-of-stake, will bring major improvements to Ethereum….You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice.