Ethereum

(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:

The Trend

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.

ETH Moving Averages

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.

The View From the Weekly Timeframe

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.

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