Ethereum (ETH) Down 7.33%

Ethereum Price Recap

The choppiness in the recent daily price action of Ethereum continues; to start today, it comes in at a price of 264.85 US dollars, down 7.33% since yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 20.76% from the day prior, and up 90.72% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the day in terms of day-over-day price change. The price chart of Ethereum below illustrates.

Ethereum Technical Analysis

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. Or to simplify this another way, note that out of the past 14 days Ethereum’s price has gone up 11 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing bearish engulfing

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From econoar:

    Ethereum is a breakthrough technology but to be honest the best part about it is the people.The amount of kind and smart people I’ve met is mind blowing.

  • From rektcapital:

    Ethereum has proved that this year may very well be the year of $ETHUSDIt has enjoyed a spectacular run up in recent weeksBut today $ETH dipped in priceSo it’s not Ethereum’s day…But that doesn’t mean that it’s no longer Ethereum’s month Or even its year#Crypto

  • From TheCryptoLark:

    What will see bigger gains this year? #bitcoin #ethereum #xrp

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

Official Launch Of Huobi BTC (HBTC) On Ethereum Network – Help Center

HBTC Exchange Services Users can exchange HBTC for BTC and vice versa on Huobi Global (HBG) and/or HBTC official website….On the withdrawal page, select option to withdraw to HBTC, or deposit BTC onto the HBTC official website to convert to HBTC.Converting to BTC: Deposit HBTC to Huobi Global.