The Hourly View for ETH
Last Updated November 15, 2020, 02:037 GMT
At the time of this writing, ETH’s price is down $-0.59 (-0.13%) 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
The back and forth price flow continues for Ethereum, which started today off at 461.03 US dollars, down 3.32% ($15.84) from yesterday. This move happened on lower volume, as yesterday’s volume was down 26.61% from the day before — and down 11.25% from the same day the week before. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during yesterday. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethereum’s price has gone up 17 of the previous 30 trading days. Traders may also wish to note that there is a bearish engulfing pattern in play, which suggests the uptrend on the 14 and 30 day charts, may be slowing down and ready to reverse.