The Hourly View for ETH
Last Updated July 14, 2021, 01:017 GMT
At the time of this writing, Ethereum’s price is down $-10.79 (-0.57%) 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. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Ethereum Daily Price Recap
The back and forth price flow continues for Ethereum, which started today off at 2032.88 US dollars, down 5.03% ($107.57) from the previous day. The change in price came along side change in volume that was up 111.42% from previous day, but down 12.72% from the Tuesday of last week. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during the previous day. Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
First things first: Ethereum crossed below its 20 day moving average yesterday. Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For another vantage point, consider that Ethereum’s price has gone up 5 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From TheCryptoLark:
Ethereum 2.0 has 195,878 validators running the network with a total of 6.268 million #ethereum deposited. Currently we are seeing more ETH a day flowing into ETH 2.0 to stake than is being mined. BULLISH!!!!
- From TheCryptoLark:
3 Now that you have saved more money you need to invest more money! The simples way to do this is to dollar cost average into safer cryptocurrencies like Bitcoin, Ethereum, Chainlink, Aave, ETC. This is the time in the market versus timing the market approach.
- From 42_paradox:
BTW, I’m not against the idea of #Bitcoin or #Ethereum, I never have been.
But tech is evolving and so are the demands.
Make it green, make it scalable and feasible, then I’m on board.
But if #IOTA does it first, I see little to none reason to switch.
For a longer news piece related to ETH that’s been generating discussion, check out:
Talks by figures in the Ethereum ecosystem twice a week Occasional group hangouts and social events on gather.town Discussion groups led by program mentors or guest speakers Workshops run by various specialists in the ETH ecosystem Project mentorship from preeminent builders in the space Want to learn more about the program structure?…The events in the ETH Summer program will be scheduled around the US Pacific Time (PT).