Ethereum (ETH) Closes Last Hour Up $17.05; in an Uptrend Over Past 14 Days, Heads Up For the 2nd Consecutive Day

The Hourly View for ETH

Last Updated September 3, 2021, 02:017 GMT

Currently, Ethereum’s price is up $17.05 (0.46%) from the hour prior. The hourly chart shows that Ethereum has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on ETH; it is now pointing up. 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 3.8% ($103.51) since the day prior, marking the 2nd consecutive day an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 55.61% from the day prior, and up 174.93% from the same day the week before. On a relative basis, the day prior was pretty good: Ethereum bested all 7 of the assets in the Top Cryptos class 🙂 Here 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

Over on Twitter, here were the top tweets about Ethereum:

  • From aeyakovenko:

    99.99% of the time, the folks across ethereum and other communities argue with passion and conviction and have put me in the hot seat on all the right questions and have made me better, and in turn @solana as a whole. Tons of people in crypto are just good people.

  • From ParikPatelCFA:

    The year is 2030:- NFT analysts are the highest paying jobs on Wall Street
    – Ethereum is the global reserve currency
    – The Federal reserve is turned into a giant mining rig
    – Gas fees are $1,000,000

  • From _KtorZ_:

    With the recent release of Arbitrum on Ethereum, and the upcoming Alonzo hard-fork on Cardano, there has been many discussions and comparisons about layer 2 solutions. As some knows, I’ve been working on Hydra with a few others for some months now and I want to shed some lights.

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

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.