Ethereum (ETH) Closes Last Hour Up $3.28; 3 Day Up Streak Broken, in an Uptrend Over Past 14 Days

The Hourly View for ETH

Last Updated April 8, 2021, 04:017 GMT

At the time of this writing, Ethereum’s price is up $3.28 (0.16%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Ethereum has now gone up 9 of the past 10 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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

Ethereum is down 7.01% ($148.11) since yesterday, marking a reversal from the day prior — and the end of a 3 day positive run. As for how volume fared, yesterday’s volume was up 26.44% from the previous day (Tuesday), and up 17.05% from Wednesday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of price change relative to yesterday. Below is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethereum’s price has gone up 11 of the previous 14 trading 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 digitalassetbuy:

    XRP getting the deserved gains for having utility, being inexpensive, fast and scalable can’t be allowed by the POW Bitcoin Ethereum marketing team. Don’t be surprised if you begin to see smear articles. Happens every time.

  • From leon_texas:

    Ravencoin has a lot going for it. Not only does it have a great product, but industry events are aligning in Ravencoins favor. The Ethereum update in July could bring thousands of miners to Ravencoin. The increased attention will bring business usage & crypto traders. $RVN can 🚀

  • From leon_texas:

    Visa, MasterCard & American Express wouldn’t be here today if they charged the #Ethereum Gas Fee when they started. It’s not sustainable over the long term. No viable business could do it.
    That’s another great reasons to use #Ravencoin $RVN. Ravencoin is virtually free to use.

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

The Future Of Ethereum May Be Gasless | ONE37pm

It just works.  In blockchain land however, things don’t work as well just yet….That it’s safe, dependable, and trustworthy.  The same way people don’t really care how the search layer of the Internet works….And Google works.  Yes, there are other search engines….If there is a way to make search engines better, we just want Google to do it….Currently, when you make a transaction on most platforms — say you buy an NFT — that transaction is recorded and validated directly on the blockchain, which we could also refer to as Layer 1….All the costs associated with that transaction are incurred by you, the user, in both gas fees and wait times.  Layer 2 solutions allow transactions to take place a layer above the blockchain.