Ethereum (ETH) Closes Last Hour Up $0.56; Pin Bar Pattern Appearing on Chart, 2 Day Up Streak Ended, in an Uptrend Over Past 30 Days

The Hourly View for ETH

Last Updated November 19, 2020, 08:016 GMT

At the time of this writing, ETH’s price is up $0.56 (0.12%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as ETH has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 478.76 US dollars, down 0.82% ($3.95) from yesterday. The price move occurred on volume that was down 32.59% from the day prior, but up 41.83% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd 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 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 8 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From VitalikButerin:

    @cryptonews @novogratz @ethereum It was the Ethereum Foundation, not me as an individual!I’m grateful to @novogratz and other early purchasers of the EF’s ETH. If it weren’t for them, perhaps the EF would not have survived financially and ethereum would have had a harder time growing to where it is today!

  • From TrustlessState:

    Here’s the plan: Pump $ETH to $10KEthereum now at $1.2T The Ethereum ecosystem has a Trillion $$ it didn’t haveWe invest these gains into new projects, seed investments, companiesThese companies build more products over 2-3 yearsThen $ETH is legitimately worth $10K

  • From scottmelker:

    There’s a famous saying that stocks are the only thing that people refuse to buy when they are on sale. This also seems to apply to Alts. Specifically Ethereum.I want $ETH on sale and continue to aggressively DCA.

In terms of news links for Ethereum here’s one to try:

Ledger is ready for the Ethereum 2.0 revolution | Ledger

Generate crypto interests through Ledger Live

Earn with Ledger

11/17/2020
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Ledger is providing an update of the Ethereum application through a new version of its Nano X firmware….If you need more information on how to update your Ethereum application after updating your Nano X firmware, please visit our dedicated Support page.