The Hourly View for ETH
Last Updated January 1, 2021, 20:33 GMT
Currently, ETH’s price is up $2.92 (0.4%) from the hour prior. This is the 2nd straight hour ETH has seen its price head up. 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 down 2.04% ($15.38) since the day prior, marking a reversal from the day prior — and the end of a 7 day positive run. The price move occurred on volume that was down 18.16% from the day prior, but up 37% 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 day prior. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 20 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From sassal0x:
My 2021 predictions for Ethereum:- $ETH will outperform $BTC
– Non-USD stablecoins will gain traction
– Layer 2 adoption will skyrocket
– EIP-1559 will go live
– eth2 phase 1 will go live
– DeFi tokens will replace most of the dead coins in the top 30
- From iamDCinvestor:
Points about #Ethereum $ETH many don’t get (yet):- It’s an asset layer, not just an app layer
– ETH is the best programmable store of value money for DeFi
– ETH supply is hardening (fee burn + low issuance from PoS)
– L2 will scale Ethereum for a broad range of apps this year
- From sassal0x:
Happy New Years everyone :)As a new year gift to all Ethereans, I’m announcing today that @thedailygwei ecosystem will *never* have sponsors/ads on the daily newsletter or the entire YouTube channel.I’ll keep producing free Ethereum content until I drop dead or go crazy 🤪
As for a news story related to Ethereum getting some buzz:
Check out the latest breaking news and updates of Bitcoin (BTC)….— David Burkett (@DavidBurkett38) December 28, 2020 Mr. Burkett also explained that the activation timeline will be decided by the Litecoin community as well as LTC miners.