The Hourly View for ETH
Last Updated July 23, 2021, 04:017 GMT
At the moment, Ethereum’s price is up $4.33 (0.21%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend 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 closed yesterday up 1.49% ($29.76); this denotes the 2nd straight day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 31.44% from the day before — and down 10.94% from the same day the week before. 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.
Ethereum Technical Analysis
Notably, Ethereum is now close to its 20 and 200 day averages, located at 2053.89 and 2088.62 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. For another vantage point, consider that Ethereum’s price has gone down 6 of the previous 10 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 TheCryptoLark:
An incredible financial shift is taking place before our eyes with institutional money steadily flowing into the market. If you zoom out and actually understand what is coming then you will know this decade will be insane for #crypto #bitcoin #ethereumthread
- From gauravdahake:
What @elonmusk said (Summary)- I own bitcoin, Tesla owns bitcoin, SpaceX owns bitcoin
– Tesla will likely resume accepting Bitcoin as a form of payment
– I own some Ethereum and Dogecoin
– Tesla, SpaceX, and I are not selling any Bitcoin
- From sassal0x:
I’m feeling euphoric today but not because of the price action of ETH.The amount of developments, innovation and general excitement within the Ethereum ecosystem is so incredible.I’m hopelessly addicted to this industry and I can’t imagine my life without it.
For a longer news piece related to ETH that’s been generating discussion, check out:
Crypto News & Data Space
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