Ethereum (ETH) Price Near $1,911.92; in a Downtrend Over Past 14 Days

The Hourly View for ETH

Last Updated July 16, 2021, 20:17 GMT

At the time of this writing, Ethereum’s price is down $-1.87 (-0.1%) from the hour prior. Ethereum has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Ethereum. Given that we see downtrend on the 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Of note is that the 20 hour changed directions on ETH; it is now pointing up. 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

The back and forth price flow continues for Ethereum, which started today off at 1918.17 US dollars, down 3.81% ($76.05) from yesterday. The change in price came along side change in volume that was up 13.23% from previous day, but down 48.57% from the Thursday of last week. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 6th for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. 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 CryptoBull2020:

    BOMBSHELL NEWS: the judge ruled in FAVOR of #Ripple and AGAINST the SEC. Ripple can now question former SEC Director of finance about why the SEC decided Ethereum is not a security, yet claims #XRP is. The SEC is about to be EXPOSED!!!

  • From ElijahCTG:

    I remember a few years ago when all I wanted was to own 1 #Bitcoin. Hell, in Dec, 2017 I wished I had owned just 1 #Ethereum!! I have far surpassed all of my #crypto goals simply by persevering. Stick with what you love. Stick with what you believe in. Trust your instincts.

  • From cyounessi1:

    Still processing that a centralized corporation run by a btc maximalist is building a centralized version of Ethereum and all the bitcoiners are rejoicing as if they wanted smart contracts and DeFi all along. In any case, what chance does this have over Liquid?