Ethereum Price Recap
The back and forth price flow continues for Ethereum, which starts today off at 146.55 US dollars, up 2.71% from the previous day. This move happened on lower volume, as yesterday’s volume was down 43.53% from the day before — and down 29.05% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of day-over-day price change. Below is a price chart of Ethereum.
Ethereum Technical Analysis
Volatility for Ethereum has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up. Or to simplify this another way, note that out of the past 30 days Ethereum’s price has gone up 15 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From mdudas:
Why are there 12 different teams working on different implementations of ETH 2.0, particularly when many folks close to Ethereum are increasingly claiming that ETH 2.0 isn’t critical to Ethereum’s future success?
- From TrustlessState:
Like Tether, BTC will also eventually migrate off Bitcoin in favor of a more functional settlement layer. Bullish on BTC on Ethereum.
- From RippleRiddler1:
Here is my top list of coins that will reach mass adoption in the coming years- Bitcoin $BTC (as reserve asset)
– Ethereum $ETH
– XRP $XRP
– Vechain $VET
– Chainlink $LINKDon’t waste your time and money holding and following shitcoins
For a longer news piece related to ETH that’s been generating discussion, check out: