Ethereum (ETH) Closes Prior Hour Down -0.71%; in an Uptrend Over Past 30 Days, Heads Down For the 2nd Straight Day

The Hourly View for ETH

Last Updated February 16, 2021, 00:017 GMT

At the time of this writing, Ethereum’s price is down $-12.71 (-0.71%) from the hour prior. The hourly chart shows that Ethereum has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 50 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 down 0.8% ($14.52) since the previous day, marking the 2nd straight day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 18.69% from the day before — and down 47.8% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the previous day in terms of percentage price change. The daily price chart of Ethereum below illustrates.

ETH

Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From StockSwingAlert:

    Main watches: $DPW – great chart, EV charging play + loans on #bitcoin and #Ethereum $CBAT – Increased sales of lithium batteries due to higher demand on $NIO EV’s $SELB – Consolidating, still adding what I can under $5 this will pay fatWhat’s on your list this week?

  • From CardanoDan:

    $BTC $ETH & $ADA are hanging out at a bar.#Bitcoin says, “It’s taking me more energy to get the same work done each day”#Ethereum agrees, “My gas isn’t going as far as it used to”#Cardano feels bad, “Stop by my place this weekend. Stakes on me. My pleasure, no work at all.”

  • From sassal0x:

    I find it really awesome that the NFT economy is priced in $ETH.Not only does this further reinforce the fact that $ETH is money, but it also means that all of the new people coming into the Ethereum ecosystem via NFT’s become $ETH holders by default.

For a longer news piece related to ETH that’s been generating discussion, check out:

Ethereum On A Bullish Rampage. Has The Altcoin Season Started? – Bitcoinsensus

This allows you to take advantage of this bullish surge in the Altcoin market against the U.S dollars….This opportunity offers both short-term traders and investors a lot of options to take advantage of and make gains in the crypto market.