The Hourly View for ETH
Last Updated November 3, 2020, 01:036 GMT
Currently, ETH’s price is up $0.22 (0.06%) from the hour prior. The hourly chart shows that ETH has seen 3 straight up hours. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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
383.61 (USD) was the opening price of the day for Ethereum, resulting in yesterday being one in which price moved down 3.25% ($12.88) from yesterday. The price move occurred on volume that was up 91.23% from the day prior, but down 15.67% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
First things first: Ethereum crossed below its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 8 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From QwQiao:
It’s very difficult for a single human brain to understand both the digital gold narrative that Bitcoin represents ant the tech platform narrative that Ethereum represents. But if you understand both, or at least are open-minded to both, you are among the top 10%.
- From galgitron:
@XRPeuphoria_ @WilliamDaverd @JoelKatz What claim exactly? None of it makes any sense at all. Replace XRP with Ethereum and see if it makes any sense. Why would it make sense for XRP? XRP is an open ledger just like ETH, so how could Ripple control ETH like this, and why? It’s all complete nonsense
- From DCLanorak:
By simply being active in the #NFT space over the last 10 months I’ve been able to amass about 20 ETH for FREE. – Rarible airdrop –> 3 ETH
– Uniswap airdrop –> 12 ETH
– random giveaways –> ~5 ETH 20 ETH (at time of writing) = $7,700 Get active, it pays! #NFTs #Ethereum
In terms of news links for Ethereum here’s one to try:
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