Ethereum (ETH) Closes Prior Hour Down -0.67%; Moves Up For the 2nd Consecutive Day, in an Uptrend Over Past 14 Days

The Hourly View for ETH

Last Updated September 8, 2021, 00:017 GMT

Currently, Ethereum’s price is down $-22.86 (-0.67%) from the hour prior. The hourly chart shows that Ethereum has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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 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

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:

  • From sassal0x:

    I’ve had many passions in my life but I’ve never been as passionate about anything as I am about Ethereum.Every single day for the last 4+ years I’ve woken up and spent almost all of my time working on this passion.I am truly blessed to be part of this ecosystem 🙏

  • From nierop_pieter:

    I have very good friends that hold Ethereum and Bitcoin. They not attack ADA in any way and I have no need to attack them either.There are just these nutcases that hang around on crypto twitter that are full of hate and spreading lies.Is a very small % of people. Really small

  • From CryptoWhale:

    All the metrics and indicators show #Ethereum (and other coins) are severely overvalued.I think we’re about to see a large crash, and possibly even the collapse of the #NFT bubble.I think $ETH will easily be under $2.5K again this fall/winter! Don’t forget to take profits!

For a longer news piece related to ETH that’s been generating discussion, check out:

CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

(CoinDesk) Bitcoin tumbled 11.3%, the most since May, leading a broad retreat from digital assets even as bullish investors touted El Salvador’s adoption Tuesday of the largest cryptocurrency as legal tender….The sell-off triggered liquidations of billions of dollars of trading positions due to margin calls, across both centralized and decentralized exchanges.