The Hourly View for ETH

Last Updated November 19, 2020, 05:016 GMT

At the moment, ETH’s price is down $-1.44 (-0.3%) from the hour prior. ETH has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 50 hour moving averages, resulting in them with price now being below them. 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

478.76 (USD) was the opening price of the day for Ethereum, resulting in the day prior being one in which price moved down 0.82% ($3.95) from the day prior. The price move occurred on volume that was down 32.59% from the day prior, but up 41.83% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the day prior 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. For another vantage point, consider that Ethereum’s price has gone up 5 of the previous 10 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From VitalikButerin:

    @cryptonews @novogratz @ethereum It was the Ethereum Foundation, not me as an individual!I’m grateful to @novogratz and other early purchasers of the EF’s ETH. If it weren’t for them, perhaps the EF would not have survived financially and ethereum would have had a harder time growing to where it is today!

  • From TrustlessState:

    Here’s the plan: Pump $ETH to $10KEthereum now at $1.2T The Ethereum ecosystem has a Trillion $$ it didn’t haveWe invest these gains into new projects, seed investments, companiesThese companies build more products over 2-3 yearsThen $ETH is legitimately worth $10K

  • From scottmelker:

    There’s a famous saying that stocks are the only thing that people refuse to buy when they are on sale. This also seems to apply to Alts. Specifically Ethereum.I want $ETH on sale and continue to aggressively DCA.

In terms of news links for Ethereum here’s one to try:

Ledger is ready for the Ethereum 2.0 revolution | Ledger

Generate crypto interests through Ledger Live

Earn with Ledger

Blog posts
Ledger is providing an update of the Ethereum application through a new version of its Nano X firmware….If you need more information on how to update your Ethereum application after updating your Nano X firmware, please visit our dedicated Support page.

(Excerpt) Read more Here | 2020-11-18 19:37:00
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