The Hourly View for ETH
Last Updated September 14, 2021, 01:017 GMT
At the moment, Ethereum’s price is up $3.47 (0.1%) from the hour prior. Ethereum has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on Ethereum. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Ethereum Daily Price Recap
Ethereum came into today up 3.8% ($103.51) from the open of 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. Ethereum outperformed all 7 assets in the Top Cryptos asset class since the day prior. Here is a daily price chart of Ethereum.
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. For additional context, note that price has gone up 12 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From hodlbodl:
I predict $DOT will be 3rd by market cap in 1 year maximum. More I understand the Polkadot ecosystem, more I am convinced and confident that it’s the best project, after Ethereum and Bitcoin. Mark my words, it will hit $300 sooner than you think. Gavin Wood is a genius. 🚀
- From Zeneca_33:
There’s room for Ethereum and Solana. And Cardano. And Tezos. And others. This is not a winner take all space. I believe ETH will be queen (and have invested accordingly), but I think other chains will carve out significant niches for themselves and all will perform well longterm
- From iamDCinvestor:
i’d love it if Ethereum people were more confident about what is happening on Ethereum tbhthe diverse & resilient ecosystem is incredible and is second to nonedon’t let bear market scars confuse you- Ethereum will keep crushing it, even as crypto continues to expand elsewhere