Ethereum (ETH) Price Near $1,888.30; But Still in a Downtrend Over Past 14 Days, 2 Day Down Streak Broken, Price Base in Formation Over Past 30 Days

The Hourly View for ETH

Last Updated July 19, 2021, 02:016 GMT

At the moment, Ethereum’s price is up $5.5 (0.29%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Of note is that the 50 hour changed directions on ETH; it is now pointing down. 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

Ethereum entered today at $1899.96, up 1.22% ($22.91) from the previous day. This move happened on lower volume, as yesterday’s volume was down 22.85% from the day before — and down 2.39% from the same day the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! Here 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. 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.

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 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

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

Aave May Build “Twitter on Ethereum” : ethereum

I wonder what the difference between decentralised and centralised Twitter would be….I think the difference here is Twitter is easily regarded as inconsistent and non-transparent in their use of moderation….Some things should stay centralised, and social media is definitely one of those.