Ethereum (ETH) Closes Prior Hour Up 0.21%; in a Downtrend Over Past 14 Days

The Hourly View for ETH

Last Updated July 16, 2021, 04:021 GMT

Currently, ETH’s price is up $4.09 (0.21%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as ETH has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 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

1918.17 (USD) was the opening price of the day for Ethereum, resulting in the previous day being one in which price moved down 3.81% ($76.05) from the previous day. The change in price came along side change in volume that was up 13.23% from previous day, but down 48.57% from the Thursday of last week. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 6th since the previous day in terms of percentage price change. Below is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Ethereum’s price has gone up 16 of the previous 30 trading 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 TheCryptoLark:

    Here are 7 reasons that I remain mega bullish on #ethereum, why I continue to cost average in, why I continue to buy oversold dips, and why I will hold my ETH until the multi trillion market valuation comes… at which point I will be staking and making sweet passive income!

  • From TheCryptoLark:

    #Ethereum processed 4 trillion on chain for around 0.25% in fees Paypal did 285 billion, fees of 3.4% (paid by merchants)With Optimism, Arbitrum, Polygon, and ETH 2.0 fees will drop even futher for Ethereum. #crypto has already won, most people just don’t realize it yet!

  • From chriswallace:

    If you’re collecting NFTs mostly on ethereum but have been interested in trying out tezos, now is a good time to make the jump. Lots of pieces being listed for low prices on the secondary market. Hen v2 launched and working well. Hop on the train!