The Hourly View for ETH
Last Updated April 9, 2021, 23:17 GMT
At the moment, Ethereum’s price is down $-1.86 (-0.09%) from the hour prior. Ethereum has seen its price go down 4 out of the past 5 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 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’s 3 day positive streak has officially concluded, as the candle from the day prior closed down 7.01% ($148.11). As for how volume fared, yesterday’s volume was up 26.44% from the previous day (Wednesday), and up 17.05% from Thursday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethereum’s price has gone up 8 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From sassal0x:
It’s December 2023.$ETH is approaching $100k, L2’s are processing trillions of txs per day, a portrait of an alien punk has taken the Mona Lisa’s spot at the Louvre, Vitalik has uploaded his consciousness to Ethereum & Cardano still doesn’t have smart contracts.Life is good.
- From AriDavidPaul:
It’s hard to take people seriously who were wrong about ethereum, NFTs, defi, etc for the last 7 years when they criticize new projects. When you’re that consistently wrong about security, product-market fit, adoption, and investment results….you gotta reconsider your models.
- From TVstedal:
#IOTA went from cents to 5,6$ in 2017 without much to show for. Now, in a much bigger bullrun, @IOTA has A LOT to show for. Industry leaders, governments, banks, standards are backing them up. Winning over #Ethereum in all fields. Prepare yourself sir, its about to get exciting!
As for a news story related to Ethereum getting some buzz:
But the argument that bitcoin has evolved into a store of value does not fully play out considering Cuban is convinced that many of the ongoing developments with ETH will not be fully ready until late next year….The post Mark Cuban The Future of Crypto Lies with Ethereum appeared first on Live Bitcoin News.