(Last Updated September 18, 2020)
Hello! This is the news page for Ethereum. Below you’ll find our daily market updates. Here’s a technical analysis 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.
The moving averages on ETH summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, implying a upward trend, aside from a fall about 3 weeks prior.
The chart below illustrates.
At the moment, ETH’s price is up $1.61 (0.42%) from the week prior. Moreover, note that the weekly chart shows that ETH has seen 2 straight up weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on ETH. Given that we see an uptrend on the 20 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20, 50 and 100 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. ETH’s weekly price action over the past 52 weeks can be seen via the chart below.
In this article, we will provide an insight into our migration from tron to the matic network, and why matic will be the new home of iggalaxy….
Ethereum outperformed all 5 assets in the top cryptos asset class since the previous day.
This move happened on lower volume, as yesterday’s volume was down 15.9% from the day before — and down 32.27% from the same day the week before.
Eth is used to secure the network and pay for transactions.
I’m paid in stablecoins – digital dollars that exist on the ethereum blockchain.”
The change in price came along side change in volume that was up 42.91% from previous day, but down 48.14% from the sunday of last week.
Embrace $btc on ethereum but concede that $eth will always be better #defi collateral- or -2.
This move happened on lower volume, as yesterday’s volume was down 34.79% from the day before — and down 32.45% from the same day the week before.
I’m nonetheless rooting for you, it would be amazing if it takes off!
We think this validates our view that proof-of-stake is the future of consensus for the vast majority of non-bitcoin chains.”