The Hourly View for ETH
Last Updated January 1, 2021, 23:17 GMT
Currently, Ethereum’s price is down $-0.04 (-0.01%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on Ethereum. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 7 day positive run has come for Ethereum, which finished the day prior down 2.04% ($15.38). The price move occurred on volume that was down 18.16% from the day prior, but up 37% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 4th since the day prior in terms of percentage price change. Below is a daily price chart of Ethereum.
Ethereum Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 10 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From sassal0x:
My 2021 predictions for Ethereum:- $ETH will outperform $BTC
– Non-USD stablecoins will gain traction
– Layer 2 adoption will skyrocket
– EIP-1559 will go live
– eth2 phase 1 will go live
– DeFi tokens will replace most of the dead coins in the top 30
- From iamDCinvestor:
Points about #Ethereum $ETH many don’t get (yet):- It’s an asset layer, not just an app layer
– ETH is the best programmable store of value money for DeFi
– ETH supply is hardening (fee burn + low issuance from PoS)
– L2 will scale Ethereum for a broad range of apps this year
- From sassal0x:
Happy New Years everyone :)As a new year gift to all Ethereans, I’m announcing today that @thedailygwei ecosystem will *never* have sponsors/ads on the daily newsletter or the entire YouTube channel.I’ll keep producing free Ethereum content until I drop dead or go crazy 🤪
As for a news story related to Ethereum getting some buzz:
Check out the latest breaking news and updates of Bitcoin (BTC)….— David Burkett (@DavidBurkett38) December 28, 2020 Mr. Burkett also explained that the activation timeline will be decided by the Litecoin community as well as LTC miners.