Ethereum (ETH) Closes Prior Hour Down -0.18%; Moves Up For the 7th Day In A Row, in an Uptrend Over Past 14 Days

The Hourly View for ETH

Last Updated May 3, 2021, 02:017 GMT

At the moment, Ethereum’s price is down $-5.43 (-0.18%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on Ethereum. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Ethereum Daily Price Recap

Ethereum is up 6.19% ($171.84) since yesterday, marking the 7th day in a row an increase has occurred. As for how volume fared, yesterday’s volume was up 13.08% from the previous day (Saturday), and up 7.07% from Sunday of the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since yesterday. Below is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone up 8 them.

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 HawksNest:

    If Ethereum hits $3,000 USD TONIGHT (so in 4.5 hours)I’ll give 1 random person that retweets this .1 ETHAnd 1 random person that replies to this .1ETH$ETH #Ethereum Also don’t follow me unless you like gaming or NFT’s/crypto. That’s pretty much all I post about

  • From GooseOfCrypto:

    If you were here in the last bull run you knew that #Ethereum was the most hated project, likely cause it scared the majority of the market, #Bitcoin holders. If you’re here now, you know #Cardano is the most hated project, likely cause it scares the majority, both.

  • From PaulRBerg:

    If you’re in your teens and thinking over going to college, don’t. Come join us in crypto and build wealth for yourself and the world.I dropped out 3 yrs ago and it’s one of the best calls I ever made.I escaped the grip of the woke left, avoided debt, and discovered Ethereum.

In terms of news links for Ethereum here’s one to try:

Ethereum co-founder Buterin donates $600k in ETH, MKR towards India’s Covid-19 relief : ethereum

He was responding to an appeal by Polygon founder Balaji Srinivasan Nailwal who called for donations towards helping India….I heard that crypto transaction transfers , of that magnitude ….Gas fees do not seem as huge when one transacts on daily payment transaction.