(Last Updated August 4, 2020)
Welcome to the news page for Ethereum (ETH). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for ETH.
ETH’s moving averages suggest the trend on a number of time horizons is bullish.
Below is a chart showing ETH’s price with its moving averages.
At the time of this writing, ETH’s price is down $-1.31 (-0.34%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. Regarding the trend, note that the strongest trend 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 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.
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Silver lining – the $link staking program will become a major focus.
For additional context, note that price has gone up 9 out of the past 14 days.
Anyone can use an ethereum address to register a name, or multiple names….
The enjin platform web panel was built to enable codeless creation and management of blockchain assets; enjin platform api and sdks come into play when it comes to actually integrating those assets with games and apps….
The price move occurred on stronger volume; specifically, yesterday’s volume was up 5.48% from the day prior, and up 145.81% from the same day the week before.
Out of the 5 instruments in the top cryptos asset class, ethereum ended up ranking 2nd for the day in terms of day-over-day price change.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
The price move occurred on volume that was down 14.19% from the day prior, but up 111.62% from the same day the week before.
With an additional understanding of public ethereum as a trusted middleware layer to integrate countless private or consortial networks and off-chain systems (of record), integration is a key concept of enterprise ethereum….