The Hourly View for ETH
Last Updated February 12, 2021, 23:17 GMT
At the time of this writing, Ethereum’s price is up $8.87 (0.48%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Ethereum has now gone up 4 of the past 5 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
1787.69 (USD) was the opening price of the day for Ethereum, resulting in yesterday being one in which price moved up 2.56% ($44.69) from yesterday. This move happened on lower volume, as yesterday’s volume was down 38.28% from the day before — and down 45.67% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 6th for the day in terms of price change relative to yesterday. Below is a daily price chart of Ethereum.
Ethereum Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 20 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From heydave7:
Hey @VitalikButerin, many of my followers have asked me to interview you, and I’m dying to do so.Would you be open to a long-form interview on my channel so we can do a deep dive into how you see the present and future playing out with Ethereum, DeFi and the crypto space?
- From TheCryptoLark:
Holding #ethereum is like holding an index fund for #crypto! All the top #defi is on ETh, all the top NFTs on ETH, tokenized BTC on ETH, stablecoins on ETH, etc. You want exposure to all that just buy and hold ETH.
- From TosinOlugbenga:
The other day @adamugarba mentioned Cowtocurrency…Unfortunately he didn’t understand that we can release a token named $COW on the ethereum Blockchain protocol and allow people buy the token all over the world and trade it.1 $COW can be priced at the cost of a matured cow.
In terms of news links for Ethereum here’s one to try:
The company’s AGI cryptocurrency will be the first major token release on the Cardano Native Assets platform and the largest democratic exercise in the history of decentralized AI….As part of the migration, SingularityNET’s native AGI tokens will be issued on Cardano….IOHK, the company behind Cardano, said that having AGI on the blockchain will be the first major token release on the Cardano Native Assets platform….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article.