The Hourly View for ETH
Last Updated February 19, 2021, 00:017 GMT
At the moment, Ethereum’s price is up $5.7 (0.29%) 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. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 is up 3.83% ($68.31) since yesterday, marking the 2nd straight day it has gone up. This move happened on lower volume, as yesterday’s volume was down 5.48% from the day before — and down 39.58% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the day in terms of price change relative to yesterday. Below is a daily price chart of Ethereum.
Ethereum Technical Analysis
Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 18 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From TheCryptoLark:
I love #ethereum, I think it is truly revolutionary technology, and that ETH 2.0 will be a game changer for the entire crypto space. But paying $50 for a trade on Uniswap is not ok. While this situation remains true non-rich users will use other chains and hopefully L2 like Matic
- From sassal0x:
4 years ago my life had no real meaning – I was just another cog in the machine.Today, I’ve never felt more alive and I’ve never been more excited for the future.Thank you Ethereum and thank you to all the beautiful souls in the community.You changed my life.
- From sassal0x:
For my own sanity I’m going to be blocking anyone who shills “Ethereum killers” in my replies from now on.I spend all of my waking hours in the Ethereum ecosystem and I still can’t keep up – there’s no way I have time to look into your new favorite EK.
In terms of news links for Ethereum here’s one to try:
By giving our clients the option to pay in Bitcoin or Ethereum, not only are we giving them more flexibility with how they manage their own cash flow, but we will save on processing fees.” Mr. Schadel continued, “Mainstream institutions are embracing crypto for its potential as a value store, payment method, and investment….About Labor SMART, Inc. Labor SMART, Inc.