Ethereum (ETH) Closes Last Hour Down $-6.98; Heads Up For the 4th Straight Day

The Hourly View for ETH

Last Updated April 30, 2021, 02:017 GMT

At the time of this writing, Ethereum’s price is down $-6.98 (-0.25%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. 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 the day prior up 3.11% ($82.98); this denotes the 4th straight day an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 40.25% from the day prior, and up 12.12% from the same day the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since the day prior. Here is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 8 out of the past 14 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ethereum:

  • From Bitboy_Crypto:

    Who wants to win an #Ethereum to celebrate new all time highs?!Retweet this, Like this, Follow me, & comment your $ETH prediction for the end of the bull run! We will pick a winner next week during one of our YouTube livestreams.

  • From coinmamba:

    Some people think that Layer 1 competitors to Ethereum is a new thing. We’ve been here before. EOS, Tron, NEO in 2017. They were all supposed to be a better version of Ethereum. But look at them now. History has a tendency to repeat itself..

  • From sassal0x:

    The fundamental value drivers for Ethereum & ETH were set in motion a long time ago.Only now is the world finally waking up to them & accepting the inevitability of Ethereum.Cheers to those who had the foresight & conviction from early on – you now get to reap the spoils.

For a longer news piece related to ETH that’s been generating discussion, check out:

‘The Dogefather’ Elon Musk And Billionaire Investor Mark Cuban Help Dogecoin Leave Bitcoin And Ethereum In The Dust With 20% Price Rally

Musk, who was voted dogecoin CEO in a 2019 Twitter poll, has repeatedly spurred the dogecoin price higher in recent months….As the founding editor of Verdict.co.uk I reported I am a journalist with significant experience covering technology, finance, economics, and business around the world.