The Hourly View for ETH
Last Updated January 15, 2021, 03:017 GMT
Currently, Ethereum’s price is down $-16.23 (-1.31%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 yesterday up 9.05% ($102.27); this denotes the 2nd day in a row it has gone up. The change in price came along side change in volume that was up 6.81% from previous day, but down 31.07% from the Thursday of last week. Ethereum outperformed all 7 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 9 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about 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 balajis:
Thesis: the crypto version of any product ends up being far more valuable than the original.Bitcoin is already more valuable than PayPal and will eventually be more valuable than gold.And the various defi apps on Ethereum will be more valuable than their fintech cognates.
- From IslandHunting:
ETH1 -> ETH2 merge is a huge priority and progress is advancing quickly. Ethereum wants to go clean and green ASAP.This is going to be an enormous supply shock for Ethereum: miners who are forced to sell a lot of ETH to cover their costs will no longer be providing the ask.
In terms of news links for Ethereum here’s one to try:
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.