Ethereum (ETH) Closes Prior Hour Up 2.56%; Heads Down For the 3rd Day In A Row, in an Uptrend Over Past 30 Days

The Hourly View for ETH

Last Updated January 13, 2021, 03:017 GMT

Currently, Ethereum’s price is up $26.4 (2.56%) from the hour prior. Ethereum has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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

Ethereum closed the day prior down 3.52% ($38.33); this denotes the 3rd day in a row a decline has happened. This move happened on lower volume, as yesterday’s volume was down 57.01% from the day before — and down 25.42% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the day in terms of price change relative to the day prior. Let’s take a look at the 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. For another vantage point, consider that Ethereum’s price has gone up 6 of the previous 10 trading 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 ErikVoorhees:

    My hope for 2021 is that the the Bitcoin maxis stop smelling their own farts, the Ethereum maxis stop daydreaming of rainbows and pickles, the “number go up” noise goes down, and everyone in crypto realizes this shit’s starting to get real. Build, focus, plan, and cooperate.

  • From naval:

    We’re transitioning through a temporary bug in the Internet’s history before we knew how to build open social protocols.At first, the Internet transferred data. Then, it transferred scarcity (Bitcoin). Then, computation (Ethereum). Coming up – identity and social graphs.

  • From bradmillscan:

    Ethereum & Uniswap suck balls.Trying to buy the #Bitcoin dip on Uniswap and I got 3 failed transactions in a row with $60 fees…When an Ethereum transaction fails, you don’t get the fee back.Ethereum is the worst blockchain that exists, bar none.Try using it. $180 poof.

In terms of news links for Ethereum here’s one to try:

Understanding the ETH Hype and the Ethereum Bull Run 2021

Some Ethereum predictions even suggest that we could see an Ethereum bull run in 2021 perform in a similar way to Bitcoin’s atmospheric rise during late 2017….The Ethereum 101 course at Ivan on Tech Academy is designed for people that want to learn the basics of the Ethereum Blockchain….The introduction of the Ethereum blockchain created a plethora of opportunities for developers to build decentralized applications, hosted and run through the Ethereum blockchain.  Smart contracts had been a concept for nearly 30 years before Buterin finally made them a reality….Ethereum (ETH) is approaching its all-time high Furthermore, Ethereum can be adopted on a protocol level….No wonder people are looking into Ethereum!…If you want to learn how to build on Ethereum, make sure you check out the Ethereum Smart Contract Programming 101 course at Ivan on Tech Academy.