Ethereum (ETH) Closes Prior Hour Up 1.39%; Heads Up For the 6th Straight Day

The Hourly View for ETH

Last Updated May 1, 2021, 02:046 GMT

At the moment, ETH’s price is up $38.88 (1.39%) from the hour prior. This is the 2nd consecutive hour ETH has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend 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

Ethereum closed yesterday up 0.63% ($17.5); this denotes the 6th straight day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 31.12% from the day before — and down 66.31% from the same day the week before. On a relative basis, Ethereum was the worst performer out of all 7 of the assets in the Top Cryptos asset class during yesterday. Below 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 up. For additional context, note that price has gone up 20 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From ShardiB2:

    I get a lot of questions where people ask me if it is still ok to buy $ETH here.If I did not think it was still a buy, I would sell my longs.Until that day, I, personally believe, it is still a buy.Going higher IMO, much, much higher.#Ethereum #ETH4LIFE #Ultrasoundmoney

  • From NickGiambruno:

    Here are 7 reasons I am not optimistic about Ethereum’s long-term future.#1. It is not immutable and can be censored. The developers can roll back transactions and change the rules whenever they want. They can also be pressured by others – such as governments.

  • From theREALpattyxrp:

    $GALA is not going to be a F-Asset. Basically, it is going to be issued on Flare as a native token to the Flare Network. This takes place by burning the $GALA on Ethereum and then issuing it on Flare Network. I’m very excited about this and what @GoGalaGames brings to the table.

As for a news story related to Ethereum getting some buzz:

Interoperability May Be The Single Biggest Threat to Ethereum’s Dominance – Op-Ed Bitcoin News

Ethereum tokens are effectively locked on the blockchain through this protocol before a “wrapped” version is created on the corresponding network, in this case, Tezos….All wrapped Ethereum tokens are then compatible with Tezos’ FA2 standard, allowing them to be freely used within the network….Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.