The Hourly View for ETH
Last Updated November 30, 2020, 02:037 GMT
Currently, ETH’s price is down $-0.85 (-0.14%) from the hour prior. ETH has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on ETH. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Ethereum Daily Price Recap
Ethereum is up 7.1% ($38.2) since yesterday, marking the 2nd straight day an upward move has occurred. The price move occurred on volume that was up 104.08% from the day prior, but down 10.54% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since yesterday in terms of percentage price change. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
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. For another vantage point, consider that Ethereum’s price has gone up 18 of the previous 30 trading days.