(Last Updated March 4, 2021)
Welcome to the news page for Ethereum (ETH). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
As for trends on ETH, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
ETH’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 20 are bullish, implying a upward trend, save for a drop that occurred about 3 weeks ago.
Below is a chart showing ETH’s price with its moving averages.
At the time of this writing, ETH’s price is up $108.42 (7.42%) from the week prior. ETH has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. ETH’s weekly price action over the past 52 weeks can be seen via the chart below.
Ethereum has been around for a while now, and in its almost 6 years’ of existence, ethereum’s users issued over 1 billion transactions….
Come scale your ethereum applications on harmony with 2-second finality and low fees….
Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 day timeframe.
So whereas binance chain is the home for binance dex, bsc is home to pancakeswap and other more advanced dapps that have been readily forked over from ethereum smart contracts….
They are such different assets, each with fundamentally different value props.
While it could be inferred that binance’s volume is propelling ether costs upward and doing so intentionally to attract more volume to its smart chain, this argument misses out on the blockchain interoperability that binance has promoted….