Ethereum (ETH) Closes Prior Hour Up 2.56%; Heads Down For the 3rd Day In A Row, in an Uptrend Over Past 30 Days
Smart contracts had been a concept for nearly 30 years before buterin finally made them a reality….
Ethereum
(Last Updated January 23, 2021)
Hello! This is the news page for Ethereum. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
On ETH, there is currently an uptrend on the 90 and 30 day timeframes.
ETH Moving Averages
ETH’s moving averages suggest the trend on a number of time horizons is bullish.
The chart below illustrates.
The View From the Weekly Timeframe
At the time of this writing, ETH’s price is up $6.04 (0.49%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move down. As for the trend on the weekly timeframe, we see the clearest trend 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 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. The weekly chart below shows ETH’s price action over the past year.
Ethereum (ETH) Price Near $1,069.63; Moves Down For the 2nd Day In A Row, in an Uptrend Over Past 14 Days
Then you can unwrap it later for free when you like.this is because all eth is wrapped and unwrapped in and out of uniswap for simpler code.
Ethereum (ETH) Closes Last Hour Down $-15.02; Heads Up For the 6th Straight Day, in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart
As the value of an arbitrum off-chain computation increases, developers can always add chainlink oracles/node operators to increase the number of validators securing their specific computation’s overall security….
Ethereum (ETH) Closes Prior Hour Up 2.13%; in an Uptrend Over Past 14 Days, Moves Up For the 6th Straight Day, Pin Bar Pattern Appearing on Chart
Arbitrum supports secure smart contracts using an off-chain protocol that gives smart contract developers the flexibility to move most of the work of smart contract execution off-chain, to nodes running the arbitrum protocol, while maintaining the trustless security of ethereum….
Ethereum (ETH) Closes Prior Hour Up 0.19%; Heads Up For the 5th Day In A Row
This move is a reversal from the hour prior, which saw price move down.
Ethereum (ETH) Closes Prior Hour Up 0.57%; Heads Up For the 3rd Straight Day
That leads to all dapps being basically unusable.
Ethereum (ETH) Closes Prior Hour Up 0.42%; Heads Down For the 2nd Consecutive Day
This is the 2nd hour in a row eth has seen its price head up.
Ethereum (ETH) Price Near $730.12; 7 Day Up Streak Ended, in an Uptrend Over Past 90 Days
The price move occurred on volume that was down 18.16% from the day prior, but up 37% from the same day the week before.
Ethereum (ETH) Price Near $730.60; 7 Day Up Streak Broken, in an Uptrend Over Past 90 Days
This move is a reversal from the hour prior, which saw price move up.