The Hourly View for ETH
Last Updated January 29, 2021, 23:17 GMT
Currently, Ethereum’s price is down $-10.95 (-0.78%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 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 entered today at $1330.78, up 7.19% ($89.27) from the day prior. This move happened on lower volume, as yesterday’s volume was down 23.89% from the day before — and down 42.35% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 6th since the day prior in terms of percentage price change. Here is a daily price chart of Ethereum.
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. 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. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 9 them.
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 DegenSpartan:
nooooooooooooooooo elon you need to put Et Hirium in your bio dont you know its the futur of France bro bitcoin has a security problem bro trust me elon bitcoin is only about memes its just a pet rock i know what im talking about elon bro please tweet about ethereum pls bro
- From RetirementRight:
After this week’s wall street shenanigans, I decided I am on the wrong side of the fight. Defund Wall Street. I bought my first crypto tonight. I bought Ethereum on CoinBase. Now how do i get the ethereum into a wallet for cold storage away from coinbase? Thanks.
- From iamDCinvestor:
It’s OK. I enjoy watching these folks squirm on TV- trying to paint $BTC as DeFi.But once they all start using it, they’ll quickly realize $ETH is at the heart of DeFi- not $BTC.It’s just a matter of time now, and #Ethereum is on the precipice of entering the zeitgeist.
For a longer news piece related to ETH that’s been generating discussion, check out:
And on those exchanges, XRP remains the second most popular cryptocurrency after Bitcoin (BTC)….Customers mostly hold BTC and XRP over ETH.” Source: https://messari.io/asia-crypto-landscape Besides South Korea, Japan is another important market for cryptocurrencies in Asia….The Securities Commission of Malaysia (SCM) does not recognize cryptocurrencies as legal tender, does not allow derivatives trading in the country, and only allows the listing of four cryptocurrencies: BTC, ETH, LTC, and XRP.