Ethereum

(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:

The Trend

If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for ETH.

ETH Moving Averages

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.

The View From the Weekly Timeframe

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.