Ethereum Price Recap
Ethereum is down 1.94% since yesterday, marking a reversal from the day prior — and the end of a 3 day negative run. The price move occurred on volume that was up 13.87% from the day prior, but down 63.15% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the day in terms of day-over-day price change. Here is a price chart of Ethereum.
Ethereum Technical Analysis
Coming into today the current price of Ethereum is sitting close to its 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for Ethereum has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. 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. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. For additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:
- From lawmaster:
1/ Spencer Dinwiddie (@SDinwiddie_25), NBA player for the Brooklyn Nets, is launching his tokenized bond on Ethereum today after months of negotiations with the NBA. Even though it’s not as compelling as the first version, this is still a huge deal.
- From udiWertheimer:
✅interledger payment channels
✅$200M Series C
✅ great name, logoETHEREUM:
❌payment channels: vaporware
❌no one uses defi
❌only usecase: USDT
❌EF dumps the top, funds twitter trolls
- From TheCryptoLark:
Recently I have only been buying two cryptos – #Bitcoin and #Ethereum – currently working on doubling my ETH stack. There are a few I have my eye on outside of this – mostly defi stuff. What are you buying right now?
In terms of news links for Ethereum here’s one to try:
The host of Crypto Trader recently tweeted one of the most bullish statements in cryptocurrency investing….While many traders are not fans of Ran NeuNer’s bullish tweet, it is difficult to deny that some large market cap coins are flashing bullish signals along with bitcoin….For now, it is likely that these coins will only go as far as bitcoin goes….He owns Bitcoin, Ethereum, and other cryptocurrencies.