The Hourly View for ETH
Last Updated November 22, 2020, 02:037 GMT
At the moment, ETH’s price is up $4.17 (0.77%) from the hour prior. This move is a reversal from the hour prior, which saw price move 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 is up 8.2% ($41.83) since the previous day, marking the 2nd consecutive day it has gone up. As for how volume fared, yesterday’s volume was up 3.36% from the previous day (Friday), and up 179.05% from Saturday of 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 the previous day. 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 8 them.