Ethereum (ETH) Price Near $2,378.60; 4 Day Down Streak Broken, in an Uptrend Over Past 30 Days
This move is a reversal from the hour prior, which saw price move up.
(Last Updated April 15, 2021)
Hello! This is the news page for Ethereum. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for ETH.
Across several time periods between 20 and 200 days, the trend on ETH has remained consistently bullish.
The chart below illustrates.
At the moment, ETH’s price is up $298.04 (13.97%) from the week prior. Moreover, note that the weekly chart shows that ETH has seen 3 straight up weeks. As for the trend on the weekly timeframe, we see the clearest trend 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. The weekly chart below shows ETH’s price action over the past year.
This move is a reversal from the hour prior, which saw price move up.
Not saying to- or not to, just that i myself see no instathreat doing so.
Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on ethereum.
All three will appear on toronto’s stock exchange (tsx) this tuesday….
If for some reason bitcoin breaks below that $62,000 level, melker says he’d be looking for a trade right around the $60,000 area as a retest.
This is a reversal of the price action on the previous hour, in which price moved down.
What if for one reason or another ethereum loses its popularity to another blockchain (cardano, polkadot, eos, tron or any other) how do you go about this as an investor in this project?
Prepare yourself sir, its about to get exciting!
The same way people don’t really care how the search layer of the internet works….