The Hourly View for ETH
Last Updated December 2, 2020, 02:036 GMT
At the moment, ETH’s price is down $-3.61 (-0.61%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 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
The end of a 3 day positive run has come for Ethereum, which finished the previous day down 4.85% ($29.91). The price move occurred on volume that was up 42.37% from the day prior, but down 37.05% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the previous day in terms of percentage price change. Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 7 them.