Ethereum (ETH) Price Near $3,890.87; in an Uptrend Over Past 14 Days, Moves Up For the 2nd Consecutive Day

The Hourly View for ETH

Last Updated September 3, 2021, 23:17 GMT

Currently, Ethereum’s price is up $3.62 (0.09%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Ethereum. Given that we see downtrend on the 10 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 closed the previous day up 3.8% ($103.51); this denotes the 2nd consecutive day an increase has occurred. As for how volume fared, yesterday’s volume was up 55.61% from the previous day (Wednesday), and up 174.93% from Thursday of the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since the previous day. 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 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 12 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 DeFiGod1:

    So I’m always fake flexin huh? I just got one question for all my haters. Where am I? and where are you? I’m on Rodeo Drive shopping for a new Rolls Royce, with my $600 beanie, $200 Nike Air Maxes. And let me remind you about my 14 ethereum accounts. Where am I? and Where are you

  • From permabeaull:

    Ethereum vs. Terra. Let’s compare/contrast these two layer 1 chains.I may be biased because $Luna was my first 10x in crypto, so it holds a special place in my heart, but I have a large $Eth position as well.Eth vs. Luna: a🧵1/

  • From oddgems:

    $NEAR is the next “BIG THING” in crypto.In my opinion, if you’re not investing in @NEARProtocol and it’s eco-system projects, you’re missing out on some amazing future ROI.It’s like investing in Ethereum in its early days.Mark my word, save this tweet!

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

Chainlink Price Feeds Live on Optimistic Ethereum for Quick, Secure, and Scalable DeFi Development

Some of the benefits to development teams integrating Chainlink Price Feeds include: The integration of Chainlink helps ensure that new and existing DeFi applications can migrate to the OΞ L2 with minimal, if any, changes to the code….”Combined with our scalable infrastructure, developers can launch scalable, externally connected dApps with minimal changes to their L1 code and without having to sacrifice the robust underlying security of Ethereum L1.” “With Chainlink oracle networks natively integrated on Optimism, developers can leverage the most decentralized and secure off-chain services for building advanced hybrid smart contracts,” stated Sergey Nazarov, Co-founder of Chainlink.