(Last Updated January 18, 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:
On ETH, there is currently an uptrend on the 90 and 30 day timeframes.
Across several time periods between 20 and 200 days, the trend on ETH has remained consistently bullish.
The chart below illustrates.
At the time of this writing, ETH’s price is up $5.21 (0.42%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 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 and 10 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 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.
All the functionality of ethereum smart contacts without the enormous gas fees because @energicrypto has a 2 layer system of masternodes and staking nodes.
Whether volatility reverts will be something to watch.
The change in price came along side change in volume that was down 17.95% from previous day, but up 42.72% from the wednesday of last week.
Whether volatility reverts will be something to watch.
Whether volatility reverts will be something to watch.
With that said, traders should also note the downtrend on the 20 hourly candle timeframe, so the meaning of the candles may require further exploration.
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Services will be paid for in $eth and $fil and as demand increases, so will the value of these tokens.
Out of the 7 instruments in the top cryptos asset class, ethereum ended up ranking 5th for the day in terms of price change relative to the day prior.
Smart contracts had been a concept for nearly 30 years before buterin finally made them a reality….