The Hourly View for ETH
Last Updated March 31, 2021, 00:017 GMT
At the time of this writing, Ethereum’s price is up $8.31 (0.45%) from the hour prior. The hourly chart shows that Ethereum has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 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
The choppiness in the recent daily price action of Ethereum continues; to start today, it came in at a price of 1816.48 US dollars, up 7.69% ($129.74) since the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 149.33% from the day prior, and up 0.05% from the same day the week before. On a relative basis, the day prior was pretty good: Ethereum bested all 7 of the assets in the Top Cryptos class 🙂 The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Notably, Ethereum crossed above its 20 and 50 day moving averages yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethereum’s price has gone down 6 of the previous 10 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From JRNYcrypto:
Lol people giving me crap about ETH being up with the visa news. Litecoin is up nearly just as much with no news. And I’m up over 20% on more than a few altcoinsGas fees are still extremely high and everything for ethereum is still delayedNo regrets
- From RyanSAdams:
If you heard “Visa is settling transactions on Ethereum” & your reaction was “how can Ethereum do this when gas fees are high” then…and I mean this with all respect…you don’t understand how this works.Visa can batch billions of $’s in one ETH transactionGas doesn’t matter
- From Crypto___Oracle:
Nothing is a guarantee in life, but I believe in the future of #Chainlink more than I believe in the future of Bitcoin or Ethereum. Ultimately, I believe in the continued success of all three, but I think Chainlink has by far the most extensive value prop without any competition.
As for a news story related to Ethereum getting some buzz:
(OTCQB: BTCS) (“BTCS” or the “Company”), a digital asset and blockchain technology-focused company, today announced its recently expanded transaction verification services operation on Ethereum 2.0 is fully operational and generating revenue from all 200 nodes….With the recent infusion of $9.5 million in gross proceeds from our March 2021 registered direct offering, we are in a great position to continue to grow our validator node network and thereby further accelerate our near-term revenue growth.” In September 2014, BTCS was the first U.S. public company to mine bitcoin and is now the first U.S. public company to run validator nodes on Ethereum 2.0. The Company believes this strategy can drive strong near-term revenue growth while generating financial returns superior to traditional bitcoin mining and opening the door to additional future revenue-generating services such as staking as a service.