The Hourly View for ETH
Last Updated April 3, 2021, 02:046 GMT
At the time of this writing, ETH’s price is down $-6.93 (-0.33%) from the hour prior. This is the 3rd straight hour ETH has seen its price head down. 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 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 came into today up 8.48% ($166.79) from the open of the day prior, marking the 5th straight day an increase has occurred. As for how volume fared, yesterday’s volume was up 33.33% from the previous day (Thursday), and up 79.39% from Friday of the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 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
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:
- From CryptoMichNL:
As a reminder;#Ethereum started 2017 at $10. It started in 2018 at $1,000. Those are the possibilities a bull market can bring. If $ETH really starts to run, it’s a matter of time until we’ll be seeing $5,000+.
- From loopringorg:
We don’t think the world realizes just how much latent activity & creativity is ready to blossom on Ethereum once L2 is ubiquitous. Gas fees have suppressed much of it.Loopring has a pretty great view of what is/will be possible. It is hard to contain our excitement 🧘
- From dabit3:
I’ve been putting a lot of time learning Ethereum development and have been documenting it into one of the most time-consuming blog posts I’ve ever written.It will be teaching how to build full stack apps with a modern stack, the tutorial I wish I had when I was starting.
As for a news story related to Ethereum getting some buzz:
ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts….Ethereum has pioneered the concept of a blockchain smart contract platform….In August 2020, there were around 112 million ETH coins in circulation, 72 million of which were issued in the genesis block — the first ever block on the Ethereum blockchain….The original reward in 2015 was 5 ETH per block, which later went down to 3 ETH in late 2017 and then to 2 ETH in early 2019….At the time of writing in mid-December 2020, the Ethereum stake price, or the amount of money earned daily by Ethereum validators, is about 0.00403 ETH a day, or $2.36….Given the fact that Ethereum is the second-largest cryptocurrency after Bitcoin, ETH trading pairs are listed on nearly all of the major crypto exchanges.