Ethereum (ETH) Closes Last Hour Down $-1.72; Heads Up For the 4th Day In A Row
This move is a reversal from the hour prior, which saw price move up.
Ethereum
(Last Updated November 24, 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:
The Trend
On ETH, there is currently an uptrend on the 90, 30 and 14 day timeframes.
ETH Moving Averages
The moving averages on ETH indicate a trend that is clearly bullish.
The chart below illustrates.
The View From the Weekly Timeframe
Currently, ETH’s price is up $56.87 (10.3%) 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. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 week timeframe. 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.
Ethereum (ETH) Closes Last Hour Down $-0.35; in an Uptrend Over Past 14 Days, Moves Up For the 3rd Consecutive Day, Pin Bar Pattern Appearing on Chart
Even though most defi solutions and dapps use ethereum as their preferred blockchain, there are other blockchain networks that could contend with it for a share of the defi market….
Ethereum (ETH) Closes Last Hour Up $3.40; Heads Up For the 3rd Consecutive Day, in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart
Ethereum outperformed all 7 assets in the top cryptos asset class since the previous day.
Ethereum (ETH) Closes Last Hour Up $3.35; in an Uptrend Over Past 14 Days, 2 Day Down Streak Snapped
Relative to other instruments in the top cryptos asset class, ethereum ranked 2nd since yesterday in terms of percentage price change.
Ethereum (ETH) Price Near $506.33; But Still in an Uptrend Over Past 14 Days, Heads Down For the 2nd Consecutive Day
Those trading within the top cryptos asset class should know that ethereum was the worst performer in the class during yesterday.
Ethereum (ETH) Closes Prior Hour Up 0.5%; Moves Down For the 2nd Consecutive Day, But Still in an Uptrend Over Past 30 Days
The price move occurred on stronger volume; specifically, yesterday’s volume was up 25.06% from the day prior, and up 116.84% from the same day the week before.
Ethereum (ETH) Closes Last Hour Up $0.56; Pin Bar Pattern Appearing on Chart, 2 Day Up Streak Ended, in an Uptrend Over Past 30 Days
I’m grateful to @novogratz and other early purchasers of the ef’s eth.
Ethereum (ETH) Closes Prior Hour Down -0.4%; Moves Up For the 2nd Straight Day, in an Uptrend Over Past 14 Days
If it weren’t for them, perhaps the ef would not have survived financially and ethereum would have had a harder time growing to where it is today!
Ethereum (ETH) Closes Last Hour Up $0.65; 2 Day Down Streak Snapped, in an Uptrend Over Past 30 Days
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
Ethereum (ETH) Price Near $459.56; But Still in an Uptrend Over Past 14 Days, Bearish Engulfing Pattern Present
Those trading within the top cryptos asset class should know that ethereum was the worst performer in the class during yesterday.