The Hourly View for ETH
Last Updated October 30, 2020, 01:037 GMT
At the time of this writing, ETH’s price is down $-1.53 (-0.39%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Ethereum Daily Price Recap
Ethereum came into today down 0.32% ($1.23) from the open of the previous day, marking the 2nd straight day it has gone down. The change in price came along side change in volume that was up 28.85% from previous day, but down 58.24% from the Thursday of last week. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the previous day in terms of percentage price change. Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
Notably, Ethereum is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 16 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
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 cyounessi1:
As an ETH investor I don’t care what miners or exchanges use as their base currency, because Ethereum is trying to kill both of them anyways, full stop. Next critique is basically the “is ETH money?” debate. Certainly is to me. Probably too big of a debate to go into here.
- From superphiz:
Want to know a secret? I hold more value in bitcoin than Ethereum because I never sold the coins I mined in 2011. The interesting part? I have zero interest in dealing with Bitcoin and I spend every waking moment working with Ether. That should tell you something.
- From IG_Galaxy:
PSA: We are pushing an update in the next 30 minutes. This is related to the Transak integration and will include:- Disabling the purchase of MATIC on Ethereum network
– Fixed responsive issues on transak widget (Mobile)They’ll be no downtime. Thanks for your patience 🤙👽
For a longer news piece related to ETH that’s been generating discussion, check out:
ETC Builds a Bridge Back to Ethereum…for DeFi – Decrypt
It announced today plans for a new bridge between the Ethereum Classic and Ethereum blockchains, allowing DAI stablecoins to be swapped between the two….The holdouts, who felt forking to help return hacked funds violated the basic principles of immutable cryptocurrency blockchains, continued maintaining the original Ethereum blockchain; they make up the Ethereum Classic community of today.