Ethereum (ETH) Price Near $3,787.56; in an Uptrend Over Past 90 Days, 4 Day Up Streak Broken, Bearish Engulfing Pattern Present

The Hourly View for ETH

Last Updated May 14, 2021, 00:017 GMT

At the time of this writing, Ethereum’s price is up $68.57 (1.84%) 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. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Ethereum Daily Price Recap

Ethereum is down 8.78% ($366.73) since yesterday, marking a reversal from the day prior — and the end of a 4 day positive run. As for how volume fared, yesterday’s volume was up 74.46% from the previous day (Wednesday), and up 83.76% from Thursday of the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! Let’s take a look at the daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 10 out of the past 14 days. Price action traders may wish to observe the bearish engulfing pattern that has emerged over the past two trading days; in light of the uptrend on the 14, 30 and 90 day charts this may be particularly noteworthy, as it may signal the uptrend is cooling and ready to reverse.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ethereum:

  • From beaniemaxi:

    Remember the fake news a few weeks ago about the Treasury Department charging banks for money laundering in crypto? That dip took Ethereum from $2500 to $1800. I bought that dip hard and made several million dollars. If you are getting shaken out by fud, sorry but you are ngmi.

  • From acczibit:

    Got a list of crypto people to keep tabs on things and practically all of them went from sucking Musk’s dick like there’s free Ethereum in there for literal years to hating him like he was the final boss of the IRS practically overnight lol

  • From simplyianm:

    Most underrated feature of @solana is the support for multiple instructions within one transaction. This lets you do things like approve + stake in one transaction, which is impossible in Ethereum without a metatransaction smart contract wallet.Great for dev and UX!

For a longer news piece related to ETH that’s been generating discussion, check out:

Ethereum’s Co-Founder Vitalik Buterin Donates Over $1 Billion To India Covid Relief Fund And Other Charities

Vitalik Buterin, Ethereum’s co-founder Ethereum’s co-founder Vitalik Buterin, who became the world’s youngest known crypto billionaire less than two weeks ago, has donated over $1 billion in crypto to the India Covid Relief Fund and a range of other charities….Anonymous developers of Shiba Token have sent 50% of the SHIB token supply to Vitalik Buterin’s wallet over the past year.