The Hourly View for ETH
Last Updated September 15, 2021, 15:17 GMT
Currently, Ethereum’s price is up $62.73 (1.83%) from the hour prior. The hourly chart shows that Ethereum has seen 3 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend 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 closed the day prior up 3.8% ($103.51); this denotes 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. Ethereum outperformed all 7 assets in the Top Cryptos asset class since the day prior. Below is a daily price chart of Ethereum.
Ethereum Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From kaiynne:
I haven’t attempted to hedge my exposure to ETH with other L1 tokens. I see myself primarily as a builder not an investor, though I do like yoloing into ERC-20s 🤷♂️. My reasoning is that I’m all in on the Ethereum ecosystem and I have burned the boats. Retreat is not an option.
- From sassal0x:
I’m actually pretty tired of trying to play nicely with other ecosystems or trying to not be “toxic” (whatever that means these days).Solana goes offline for 10+ hours and the CEO is on Twitter just FUD’ing Ethereum as some sort of damage control.It’s pathetic.
- From RyanWatkins_:
Solana isn’t the only blockchain with issues today. Arbitrum, Harmony, and Secret all had their own today as well. They’ll all be alright, but what today’s events highlight is that building a leading smart contract platform takes time.Ethereum is number one for a reason.
In terms of news links for Ethereum here’s one to try:
One up and coming project to look out for is The Bear Market. The Bear Market is a commemorative NFT collection comprising 10,000 bear NFTs released by protocol developers Switcheo Labs and Zilliqa….The NFT collection is not only celebrates the partnership between Zilliqa and Switcheo, but also the launch of the upcoming NFT marketplace on ZilSwap which is envisioned to be the OpenSea of Zilliqa….Since its launch, the Solarian team has built a strong network across the Solana ecosystem which has benefitted Solarian holders in the form of NFT airdrops, profit-sharing on NFT marketplace Digital Eyes and exclusive pre-sale allocations to other NFT projects….Its massive user base will soon be able to gain greater access to NFTs on the chain thanks to the new marketplace on PancakeSwap set to launch on 22nd September.