The Hourly View for ETH
Last Updated April 24, 2021, 02:047 GMT
Currently, ETH’s price is up $4.18 (0.18%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 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
The end of a 3 day positive run has come for Ethereum, which finished the previous day down 1.32% ($31.68). The price move occurred on stronger volume; specifically, yesterday’s volume was up 4.31% from the day prior, and up 106.39% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:
- From cryptorecruitr:
I have no disdain for ETH, but the Ethereum ‘influencers’ out there talking smack about Cardano is a shameThey’re so emotional, & are also promoting to everyone that they lack foresight within crypto, the most innovative space in the world$ADA will steal their market share
- From TheCryptoLark:
We will still see this in 2021
1 – #bitcoin ETF in USA
2 – Parachains on Polka $dot
3 – #cardano smart contracts
4 – EIP 1559, POS merger, and Optimism for #Ethereum But yeah sure, the bull run is over….
- From ksicrypto:
New coin released last night on the Ethereum chain.$ELON. It’s already pumped hard and there definitely will be a rugpull at some point. Just don’t know when but yeah, be careful with this one.I’ve aped into it but it’s with money I can afford to lose.
In terms of news links for Ethereum here’s one to try:
It will become economy infrastructure for DeFi and NFT powered by Binance Smart Chain….It will become economy infrastructure for DeFi and NFT powered by BSC BSC Station aims to build a Full-Stack DEFI with NFT Auction on the Binance Smart Chain.