Ethereum (ETH) Price Near $1,901.82; in a Downtrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart, Price Base in Formation Over Past 30 Days

The Hourly View for ETH

Last Updated July 19, 2021, 06:017 GMT

Currently, Ethereum’s price is down $-7.14 (-0.37%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being below it. 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

1891.96 (USD) was the opening price of the day for Ethereum, resulting in yesterday being one in which price moved down 0.42% ($8) from yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 7.06% from the day prior, and up 67.05% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 4th since yesterday in terms of percentage price change. Here is a daily price chart of Ethereum.


Ethereum Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 6 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From digitalassetbuy:

    Hi @serwer You conducted the William Hinman interview in June 2018 at Yahoo Finance All Markets Summit. As you probably know this speech where he declared Ethereum a non security is now the subject of the SEC v @Ripple lawsuit. Can you provide any insight?

  • From shegenerates:

    Ethereum developer demand has never been higherIt would probably be more time/cost effective to grab react devs off the street, give them all a free (or pay them even) month long bootcamp in solidity and web3, and then hire the best; than find a dev who isnt booked

  • From AlexTheBoredApe:

    .@0x_clem and I interviewed an 18 year old from Nigeria at @synthetix_io. Kid is a sharp, hungry dev writing great code. #Ethereum will prove that you don’t need to be rich or go to an Ivy League school to crush it. The smartest devs in the world are building on #Ethereum $ETH

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

Buterin Explains Why Ethereum 2.0 Upgrade Won’t Arrive Until Late 2022 – The Tokenist

He spoke about disagreements and issues with the Etheruem team, stating that “we have a lot of internal team conflicts in these five years….But on the other hand, it gives us a damning picture of how the Etheruem team functions and operates.  Buterin’s citing of team conflicts also seems contradictory to what we have previously known about Ethereum’s struggles….At the moment, Ethereum supporters can only hope that these internal conflicts get swiftly resolved, as the future of the blockchain looks poorer and poorer as its problems persist.  What sort of internal conflicts do you think the Ethereum team has been facing?