Ethereum (ETH) Closes Last Hour Up $5.69; Heads Up For the 2nd Consecutive Day, in an Uptrend Over Past 14 Days

The Hourly View for ETH

Last Updated September 2, 2021, 02:017 GMT

At the time of this writing, Ethereum’s price is up $5.69 (0.15%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. 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 closed the previous day up 3.8% ($103.51); this denotes the 2nd consecutive day an increase has occurred. As for how volume fared, yesterday’s volume was up 55.61% from the previous day (Tuesday), and up 174.93% from Wednesday of the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since the previous day. The daily price chart of Ethereum below illustrates.

ETH

Ethereum Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 18 them.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:

  • From MattWallace888:

    Coinbase is currently doing a HUGE marketing’s campaign.They just sponsored MrBeast. (Top YouTuber) & got him to mention only these coins in the sponsorship:1. #Bitcoin
    2. #Ethereum
    3. #DogecoinTV ads coming!Dogecoin may be ranked number 7 but it’ll be top 3 again soon!

  • From VitalikButerin:

    @TrustlessState As far as I can tell people use it to refer to either the internet + super-immersive virtual reality, or the internet + shared state (so objects that can be moved between platforms).In the latter case, ethereum is of course amazingly positioned to be a central part.

  • From VitalikButerin:

    @BoredElonMusk The good news is that I feel like ethereum depends less on me than it ever did at any previous point in history! Amazing people like @dannyryan @drakefjustin @dankrad @pipermerriam , EF administrators, and many others keep taking over tasks that before I had to do myself.

For a longer news piece related to ETH that’s been generating discussion, check out:

Ethereum’s Crypto Economy Dominance Nears 20% as Ether Prices Rocket to Fresh Highs – Markets and Prices Bitcoin News

On September 1, 2021, ETH prices tapped a high of $3,563 per unit gaining more than 5% in value over the last day….At the time of writing, the crypto asset ETH’s market cap is $417.5 billion which has increased ETH’s market dominance to 18.9% while bitcoin (BTC) dominance has slid to 40%….Currently, ETH has a circulating supply of 117,343,977 ether and 97% of current ETH holders are profitable.