The Hourly View for ETH
Last Updated October 13, 2020, 03:016 GMT
Currently, ETH’s price is up $0.08 (0.02%) from the hour prior. ETH has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 3 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 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. With that said, traders should also note the downtrend on the 20 hourly candle timeframe, so the meaning of the candles may require further exploration. 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 3.34% ($12.51) from the open of the day prior, marking the 6th consecutive day it has gone up. As for how volume fared, yesterday’s volume was up 168.47% from the previous day (Sunday), and up 132.03% from Monday of the week before. On a relative basis, the day prior was pretty good: Ethereum bested all 7 of the assets in the Top Cryptos class 🙂 Below is a daily price chart of Ethereum.
Ethereum Technical Analysis
The first thing we should note is that Ethereum is now close to its 50 day moving averages, which may act as price barrier for the asset. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 10 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From BullyEsq:
The great thing about crypto is that a few people got fabulously wealthy from bitcoin and ethereum and now they hang out on Twitter all day saying shit like “it’s the future of finance” to try and convince you to buy more at super high prices so you can make them even richer.
- From RichardDixonART:
If I buy your #cryptoart it is because I believe in you as an artist and #ethereum as a platform for exchange. Fake artists show up on the scene to make a buck and run. Real artists breathe art. We do it because #art is life. ❤️🌈👊😎
- From CRYPTOFIED1:
It’s a Big Day TODAY🔥 as @dypfinance draws the Winners for the 10 Ethereum $ETH #Giveaway TODAY 🤑The $DYP Community Crowdsale Whitelist Application form will also be LIVE TODAY 🚀Also TODAY, a special Bounty Campaign 🎁 for Twitter, Discord & Telegram will be launched ⭐
For a longer news piece related to ETH that’s been generating discussion, check out:
Cardano’s DeFi Will Scale To Millions Of Users And Become Superior To Ethereum – Crypto Gazette
Crypto News Flash notes that as CNF reported, with the upcoming Goguen era, Cardano will be able to host a DeFi ecosystem….Sign up for the newsletter and get lasted cryptocurrency news.