The Hourly View for ETH

Last Updated November 16, 2020, 02:037 GMT

Currently, ETH’s price is down $-0.67 (-0.15%) from the hour prior. This is the 2nd hour in a row ETH has seen its price head down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. 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

Ethereum closed the previous day down 2.72% ($12.52); this denotes the 2nd straight day it has gone down. The change in price came along side change in volume that was down 17.53% from previous day, but up 52.45% from the Sunday of last week. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 6th 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 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 17 them.

(Excerpt) Read more Here | 2020-11-15 19:38:00
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