Ethereum (ETH) Closes Last Hour Up $8.20; Doji and Pin Bar Patterns Appearing on Chart, in an Uptrend Over Past 14 Days, 3 Day Down Streak Snapped

The Hourly View for ETH

Last Updated February 18, 2021, 00:017 GMT

At the time of this writing, Ethereum’s price is up $8.2 (0.44%) from the hour prior. The hourly chart shows that Ethereum has seen 2 straight up 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 end of a 3 day negative run has come for Ethereum, which finished the previous day up 0.19% ($3.43). This move happened on lower volume, as yesterday’s volume was down 33.09% from the day before — and down 31.27% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of price change relative to the previous day. Below is a daily price chart of Ethereum.

ETH

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. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 18 them. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.

Overheard on Twitter

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

  • From sassal0x:

    4 years ago my life had no real meaning – I was just another cog in the machine.Today, I’ve never felt more alive and I’ve never been more excited for the future.Thank you Ethereum and thank you to all the beautiful souls in the community.You changed my life.

  • From EdgarAronov:

    A friendly reminder that binance smart chain is a closed-source blockchain – we can’t verify the implementation of bsc. You can probably have a lot of fun on bsc, make money, but don’t be fooled thinking it has anything to do with what Ethereum is aiming for in the long run.

  • From BRuscoe8:

    @sgallman @elonmusk @cctip_io As u know here that Tesla have recently invested into digital currencies. VlSlT SlTE — ElonBlog . Com Every one gets a fair chance. Good luck and the remains from this go to charity@cctip_io
    draw 0.006 BTC 1000 #Doge
    #Bitcoin #Ethereum $BTC

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

Labor SMART, Inc. To Accept Bitcoin and Ethereum as Payment Other OTC:LTNC

By giving our clients the option to pay in Bitcoin or Ethereum, not only are we giving them more flexibility with how they manage their own cash flow, but we will save on processing fees.” Mr. Schadel continued, “Mainstream institutions are embracing crypto for its potential as a value store, payment method, and investment….About Labor SMART, Inc. Labor SMART, Inc.