Ethereum (ETH) Closes Prior Hour Down -0.4%; Moves Up For the 2nd Straight Day, in an Uptrend Over Past 14 Days

The Hourly View for ETH

Last Updated November 18, 2020, 03:016 GMT

At the time of this writing, ETH’s price is down $-1.95 (-0.4%) from the hour prior. This is the 2nd hour in a row ETH has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. 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 came into today up 4.71% ($21.7) from the open of yesterday, marking the 2nd straight day an upward move has occurred. As for how volume fared, yesterday’s volume was up 62.75% from the previous day (Monday), and up 435.98% from Tuesday of the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 5th since yesterday in terms of percentage price change. The daily price chart of Ethereum below illustrates.

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 up. For another vantage point, consider that Ethereum’s price has gone up 6 of the previous 10 trading days.

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 VitalikButerin:

    @cryptonews @novogratz @ethereum It was the Ethereum Foundation, not me as an individual!I’m grateful to @novogratz and other early purchasers of the EF’s ETH. If it weren’t for them, perhaps the EF would not have survived financially and ethereum would have had a harder time growing to where it is today!

  • From galgitron:

    The Flare smart contracts engine is the Ethereum virtual machine (EVM). Ethereum has its EVM. Flare has its own version of the EVM. Flare addresses likewise borrow from ethereum, but are not ‘on’ Ethereum; they just look similar but reside only on Flare’s blockchain

  • From X__Anderson:

    If you don’t think Ripple is frustrated with the fact that the SEC stated that Bitcoin and Ethereum are not securities and not XRP, then you can’t have watched the recent interviews with Chris Larsen or Brad Garlinghouse. It’s pretty obvious where the frustration lies.

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

What Is Ethereum 2.0 And Why Does It Matter? | Binance Academy

The biggest differences between Ethereum and Ethereum 2.0 involve the use of the Proof of Stake (PoS) consensus mechanism, shard chains, and the beacon chain….The first phase, or phase 0, will be dedicated to the release of the beacon chain since it’s central to the functionality of shard chains….The next phase is actually a mix of two phases: phase 1 and phase 1.5. Phase 1 will introduce shard chains, which will allow validators to create blocks on the blockchain through PoS….The final phase will be phase 2, which is when Ethereum 2.0 will support fully formed shards and become the official Ethereum network….Ethereum 2.0 is an important upgrade to the Ethereum network for a number of reasons, especially when it comes to scalability.