Ethereum (ETH) Closes Prior Hour Down -0.67%; Breaks Below 200 Day Average, 2 Day Up Streak Broken, in a Downtrend Over Past 14 Days

The Hourly View for ETH

Last Updated June 26, 2021, 02:046 GMT

At the moment, ETH’s price is down $-12.21 (-0.67%) from the hour prior. The hourly chart shows that ETH 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Ethereum Daily Price Recap

The back and forth price flow continues for Ethereum, which started today off at 1810.27 US dollars, down 8.99% ($178.74) from yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 87.34% from the day prior, and up 38.55% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 5th for the day in terms of price change relative to yesterday. Here is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

First things first: Ethereum crossed below its 200 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Ethereum’s price has gone down 17 of the previous 30 trading days.

Overheard on Twitter

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

  • From Bitboy_Crypto:

    The hedge fund scammers will try to force you to sell your #Bitcoin and #Ethereum today as they bang the futures close.Don’t fall for it.When will these market manipulators like @ScottMinerd go to prison?People are waking up.

  • From beaniemaxi:

    “Moments” are becoming a big deal. We saw it first with Top Shot, and then CNN. Both of those are Dapper projects and on Flow. Now we have WENEW on Ethereum. It’s a moment aggregator from Time, IMG, Universal, Wimbeldon, Warner, and Endeavor.Time to invest in media companies.

  • From QuintenFrancois:

    #ethereum will face its largest options expiry in 2021 today as $1.5 billion worth of open interest will be settled. This figure is 30% larger than March’s 26 expiry, which took place as $ETH price plunged 17% in 5 days and bottomed near $1,550…

As for a news story related to Ethereum getting some buzz:

The Complete Guide to Full Stack Ethereum Development

In our React app, we will need a way to interact with the smart contracts that have been deployed….In this tutorial, we’ll be building, deploying, and connecting to a couple of basic smart contracts: We will also build out a React front end that will allow a user to: You do not need to own any Ethereum for this guide as we will be using fake / test Ether on a test network for the entire tutorial….From our React app, we will interact with the smart contract using a combination of the ethers.js library, the contract address, and the ABI that will be created from the contract by Hardhat….These are 20 test accounts and addresses created for us that we can use to deploy and test our smart contracts….Next, we need to deploy the contract to the test network….Next, compile this contract: Now, update the deploy script at scripts/deploy.js to include this new Token contract: Now, we can deploy this new contract to the local or Ropsten network: Once the contract is deployed, you can start sending these tokens to other addresses.