Ethereum

(Last Updated March 3, 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:

The Trend

A trend/countertrend situation exists on ETH, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.

ETH Moving Averages

The moving averages on ETH summarize its price action in an interesting way. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 20 are bullish, implying a upward trend, save for a drop that occurred about 3 weeks ago.

The chart below illustrates.

The View From the Weekly Timeframe

Currently, ETH’s price is up $28.44 (1.95%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as ETH has now gone up 4 of the past 5 weeks. Regarding the trend, note that the strongest trend 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 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.