Ethereum (ETH) Price Near $2,669.27; Moves Up For the 2nd Consecutive Day

The Hourly View for ETH

Last Updated June 1, 2021, 03:017 GMT

At the time of this writing, Ethereum’s price is up $24.07 (0.91%) 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 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 is up 13.43% ($320.47) since yesterday, marking the 2nd consecutive day an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 5.55% from the day before — and down 52.2% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since yesterday in terms of percentage price change. Here is a daily price chart of Ethereum.

ETH

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 down. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone up 5 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From iamDCinvestor:

    @BTC_JackSparrow Ethereum is an open source platform, with economic assets & apps created on top of it, bc it is decentralized and permissionlessyou view it as a tech rather than a value layer w/ significant network effectsYahoo was a search engine. Ethereum is an emerging financial Internet

  • From TheCryptoLark:

    #ethereum launching proof of stake will take it from the energy use of Peru to the energy use of a small town or around 2,100 people! That is HUGE!!!

  • From SovrynBTC:

    If you’ve been paying attention, last week we launched an @ethereum bridge that brought in liquidity, and we’ve tweeted numerous times that our bridge to @BinanceChain was in test net. We’re releasing code and products at a furious pace. Stay tuned. Stay Sovryn.

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

Ticket2Lambo | brand new Ethereum based lottery Project

You can participate in the draw by holding our coin on your ethereum wallet….Your token can increase in price by speculation like any other coin.