The Hourly View for ETH
Last Updated November 19, 2020, 02:016 GMT
At the time of this writing, ETH’s price is down $-1.48 (-0.31%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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 came into today up 4.71% ($21.7) from the open of yesterday, marking the 2nd straight day an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 62.75% from the day prior, and up 435.98% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 5th for the day in terms of price change relative to yesterday. Here is a daily price chart of Ethereum.
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. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 9 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 VitalikButerin:
@cryptonews @novogratz @ethereum It was the Ethereum Foundation, not me as an individual!I’m grateful to @novogratz and other early purchasers of the EF’s ETH. If it weren’t for them, perhaps the EF would not have survived financially and ethereum would have had a harder time growing to where it is today!
- From TrustlessState:
Here’s the plan: Pump $ETH to $10KEthereum now at $1.2T The Ethereum ecosystem has a Trillion $$ it didn’t haveWe invest these gains into new projects, seed investments, companiesThese companies build more products over 2-3 yearsThen $ETH is legitimately worth $10K
- From scottmelker:
There’s a famous saying that stocks are the only thing that people refuse to buy when they are on sale. This also seems to apply to Alts. Specifically Ethereum.I want $ETH on sale and continue to aggressively DCA.
For a longer news piece related to ETH that’s been generating discussion, check out:
Ledger is ready for the Ethereum 2.0 revolution | Ledger
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11/17/2020
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