The Hourly View for ETH
Last Updated April 28, 2021, 03:017 GMT
Currently, Ethereum’s price is down $-5.45 (-0.21%) from the hour prior. This is the 2nd consecutive hour Ethereum has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 closed the previous day up 5.25% ($133.03); this denotes the 3rd consecutive day it has gone up. This move happened on lower volume, as yesterday’s volume was down 13.92% from the day before — and down 16.45% from the same day the week before. On a relative basis, the previous day was pretty good: Ethereum bested all 7 of the assets in the Top Cryptos class 🙂 Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone up 6 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From HukAleksandra:
Cardano just announced the WORLDS LARGEST blockchain deployment that will be life changing for 5 MILLION people and all everyone’s talking about on Twitter is Ethereum’s all time high and wen moon. You couldn’t make this shit up.
- From bwhli:
I’ve used almost everything on Ethereum, Solana, and Terra, and nothing beats @BalancedDAO in terms of UX. My mind is blown every time I log in. Hard to believe that it runs on blockchain. Some of that is due to fast block time, but most of it is good UI design. #ICONProject $ICX
- From Cryptopathic:
Back in 2017 I was adamant that Ethereum would not flip Bitcoin, primarily because Bitcoin could adapt any functionality needed from other coins and come out on top because of its network effect. However, rootstock adoption has been slow and so it seems ethereum will capture the
For a longer news piece related to ETH that’s been generating discussion, check out:
Founded as the Matic Network in 2017, it was an early secondary layer to the Ethereum blockchain….“It keeps on moving.” The Polygon team is now focused on building something of a scaling-solution aggregator for Ethereum….In order to disrupt legacy finance, crypto developers have become obsessed with hacking Ethereum – with layer 2s, sidechains and, the most ambitious blockchain upgrade to date, Ethereum 2.0. See also: Matic Network Now ‘Polygon’ as Platform Targets Ethereum’s L2 Woes For a while, Plasma was the hot topic when discussing Ethereum’s chokepoints….Other scaling solutions hit the market (or were proposed), and talk of Ethereum 2.0, a complete overhaul to the Ethereum blockchain, began to pick up….We’re also collaborating with other specialized teams. These will be multiple, decentralized teams all working for scaling Ethereum. You’re building failure into the model….That’s why some people call it ‘Polkadot on Ethereum.’ It is interoperable between scaling solutions.