Ethereum (ETH) Price Near $3,924.04; Heads Up For the 2nd Consecutive Day, in an Uptrend Over Past 30 Days

The Hourly View for ETH

Last Updated September 7, 2021, 00:017 GMT

Currently, Ethereum’s price is down $-4.36 (-0.11%) from the hour prior. This is the 3rd consecutive hour Ethereum has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Of note is that the 20 hour changed directions on ETH; it is now pointing down. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Ethereum Daily Price Recap

Ethereum came into today up 3.8% ($103.51) from the open of yesterday, marking the 2nd consecutive day an increase has occurred. As for how volume fared, yesterday’s volume was up 55.61% from the previous day (Sunday), and up 174.93% from Monday of the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since yesterday. Here is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethereum’s price has gone up 8 of the previous 10 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ethereum:

  • From CroissantEth:

    Ethereum is attracting skilled devs at a pace faster than any other cryptocurrency, and it’s not even close.It is now home to several dApps with the potential to disrupt entire trillion dollar industries in the financial sectorI’ll go over some of these examples below! 🥐

  • From crypto_NinAda:

    3/8But the drawback is that you need to work on it differently. This has already been RESOLVED but people are trying to make it look like #Cardano is broken

    While in reality #Ethereum is broken (Example: Gas fees & Scaling)
    So you dont want another ETH, you want something new

  • From n2ckchong:

    Say what you want about Loot but one thing is for certain:Thousands learned the basics of how to use Etherscan this past week.Knowing Etherscan is a BIG edge in on-chain analysis, Ethereum yield farming + on-chain execution, and due diligence of new projects and contracts.

As for a news story related to Ethereum getting some buzz:

Ether Sale: A Statistical Overview | Ethereum Foundation Blog

If we arrange purchases by size, we get the following two graphs, one for the quantity of purchases and one for the amount of ETH purchased, by purchase size: https://docs.google.com/a/ethereum.org/spreadsheets/d/1GS9pzSdMx9lK0XGSKEDr_aoi02riq3MPRyvEntVUm68/gviz/chartiframe?oid=168457404 https://docs.google.com/a/ethereum.org/spreadsheets/d/1GS9pzSdMx9lK0XGSKEDr_aoi02riq3MPRyvEntVUm68/gviz/chartiframe?oid=846945325 Note that this only applies to purchases….The portions in which the endowment is planned to be distributed are on the spreadsheet; the largest is equal to 0.922% of all ether purchased (ie….Note that Gini coefficients of wealth and Gini coefficients of income are different things; one measures how much people have and one measures the rate at which people receive.