The Hourly View for ETH
Last Updated November 23, 2020, 04:016 GMT
At the time of this writing, ETH’s price is up $5.7 (0.99%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as ETH has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 1.4% ($7.75) from the open of the previous day, marking the 3rd consecutive day it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 35.38% from the day prior, and up 358.06% from the same day the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since the previous day. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 6 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!