The Hourly View for ETH
Last Updated May 13, 2021, 00:017 GMT
At the moment, Ethereum’s price is down $-94.82 (-2.49%) from the hour prior. The hourly chart shows that Ethereum has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, so that price is now turning below it. 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 closed yesterday up 5.78% ($228.25); this denotes the 4th day in a row an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 34.51% from the day before — and down 35.21% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 5th since yesterday in terms of percentage price change. Below 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 10 days Ethereum’s price has gone up 7 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From special_moves:
@Nidalos @lawmaster All these dog tokens sent half their supply to the founder of Ethereum to assure buyers they couldn’t be rugged, and now he is rugging them, presumably because he is fucked off that a bunch of mindless dog clones are strangling his network. It’s aggressive but maybe warranted
- From CryptoMichNL:
#Ethereum shows us how hard those #altcoins can move, but also why it’s important to get a position in the accumulation phase.It’s quite hard to get an entry when something starts to run already.Get those #altcoin positions.
Scale out and move on.
- From rektcapital:
Remember when #BTC went on a tear since breaking its old All Time Highs of ~$20000?$ETH is doing the same right nowAnd once #ETH cools down, many other Altcoins will be able to go on similar tears beyond their old ATHs in the future#Ethereum
In terms of news links for Ethereum here’s one to try:
As for the price prediction for the year 2021, the report notes that the “Panellists predict that the price of Ethereum will hit $4,512 on average by the end of the year….What do you think about this ethereum price prediction?