Ethereum (ETH) Closes Prior Hour Down -0.57%; in an Uptrend Over Past 30 Days, 3 Day Down Streak Ended

The Hourly View for ETH

Last Updated January 14, 2021, 03:017 GMT

At the time of this writing, Ethereum’s price is down $-6.33 (-0.57%) from the hour prior. The hourly chart shows that Ethereum has seen 3 straight down hours. 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 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

The end of a 3 day negative run has come for Ethereum, which finished the day prior up 7.6% ($79.8). This move happened on lower volume, as yesterday’s volume was down 23.34% from the day before — and down 55.17% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 5th for the day in terms of price change relative to the day prior. 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 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 8 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From cameron:

    The next generation platforms will be built on Ethereum and store data on the @Filecoin network. Services will be paid for in $ETH and $FIL and as demand increases, so will the value of these tokens. These are the fundamental building blocks of the decentralized web or web3.0

  • From santiagoroel:

    .@synthetix_io is launching Optimism L2 mainnet on Jan 15. I’ve been playing w/ the L2 beta for months and am still in awe of how fast/seamless it works. The UI/UX deficit gap vs. CeFi is going away.Think this is the moment where Ethereum & DeFi go from dial-up to broadband 🌐

  • From tyler:

    @mcuban So you mean I’m right because you agree with me that they are networks and not stocks. Bitcoin and Ethereum do not require any other networks than their own to operate. Stocks are not considered stores of value by economists, they are not hard money like gold or bitcoin.

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

Lindsay Lohan Records Video Predicting $100,000 Bitcoin And $10,000 Ethereum—Is 2017’s Celebrity Crypto Mania Back?

Now, actress Lindsay Lohan has recorded a paid video via the personalized celebrity video website Cameo predicting bitcoin and ethereum, the world’s second-largest cryptocurrency, will continue to climb—and signalling a return to the high-octane crypto mania of 2017….Actress Lindsay Lohan recorded a paid video predicting the bitcoin and ethereum bull runs are just ……[+] talking up the bitcoin and ethereum price.