Ethereum (ETH) Closes Prior Hour Up 0.53%; in an Uptrend Over Past 14 Days, Heads Up For the 2nd Straight Day

The Hourly View for ETH

Last Updated February 11, 2021, 02:017 GMT

At the moment, Ethereum’s price is up $9.13 (0.53%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 100 hour changed directions on ETH; it is now pointing up. 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 is up 1.09% ($19.18) since the previous day, marking the 2nd straight day it has gone up. This move happened on lower volume, as yesterday’s volume was down 20.36% from the day before — and down 18.59% 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 previous day. Let’s take a look at the daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

The clearest trend exists on the 14 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

Behold! Here are the top tweets related to Ethereum:

  • From cryptogle:

    $40,000 giveaway!If $cake passes $20 in the next 18 days (Feb 28) I’ll give 2000 total CAKE away – ten winners, 200 CAKE each ($4000)Just need to:
    -follow me and @PancakeSwap
    -retweet this
    -comment why you love #BSC more than EthereumLet’s get there together!

  • From sassal0x:

    Ethereum enriches my life more and more every day.Can’t really think of any other industry that I’d rather be apart of – it really is insane how much new and exciting things I get to learn about every day.The best bit is that almost all of the knowledge is free!

  • From sassal0x:

    1/ I’m excited to announce that I have joined @maticnetwork (now Polygon) as an advisor!Polygon has an ambitious mission – to become Ethereum’s Internet of Blockchains & help Ethereum scale to billions of users.I’m proud to be able to aid them in this mission.

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

What is Ethereum? | Coinbase

Ethereum is the name of the network…. If Bitcoin is “digital gold,” ETH can be seen as “digital oil.” ETH is currently secured by the Ethereum blockchain in much the same way Bitcoin is secured by its blockchain….It’s a running tally of every transaction made on the network going back to the very beginning — and all the computers on the network contribute their computing power towards the work of ensuring that the tally is accurate and secure.  The Ethereum blockchain, on the other hand, is more like a computer: while it also does the work of documenting and securing transactions, it’s much more flexible than the Bitcoin blockchain….You interact with the Ethereum network by using ETH to pay the network to execute smart contracts….Why is Ethereum 2.0 necessary?…Your Ethereum public key is where people can send you ETH and Ethereum-based tokens like USDC and Dai.