The Hourly View for ETH
Last Updated February 22, 2021, 23:17 GMT
At the moment, Ethereum’s price is down $-9.26 (-0.52%) from the hour prior. The hourly chart shows that Ethereum has seen 2 straight down hours. 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
The back and forth price flow continues for Ethereum, which started today off at 1935.14 US dollars, up 1.05% ($20.02) from yesterday. The change in price came along side change in volume that was down 57.84% from previous day, but up 3.88% from the Sunday 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. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 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 FlareNetworks:
Beware! No $FLR token representation currently exists on any blockchain (including Ethereum). If you are buying something called $FLR through an AMM – you will lose your money. Currently Poloniex and Bitrue allow trading in a $FLR IOU. #Besafe #DYOR
- From OhYouBlockhead:
wake up early, your wallet hacked.they took everything.
all you have is their address.there’s no Ethereum customer support line. the police are useless. Binance says it takes months to investigate fraud.go to the DNMs.
your hacker gets a CP NFT.
Feds get him out of bed, 5am
- From cryptorecruitr:
Breaking right now! Ethereum and Cardano can both grow and succeed while both ADA and ETH holders enjoy parabolic gains!And it can all happen without everyone arguing about anything! 🤯Retweet for this groundbreaking announcement to spread to the masses!
For a longer news piece related to ETH that’s been generating discussion, check out:
Ethereum Improvement Proposal (EIP) 1559 has been the most talked-about upgrade for the network since ETH 2.0 was launched on Dec….The EIP tackles the debilitating problem of high transaction fees which have strained the network in recent months….Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans!