ETH

The Hourly View for ETH

Last Updated December 3, 2020, 02:036 GMT

At the time of this writing, ETH’s price is down $-0.18 (-0.03%) 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. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on ETH; it is now pointing down. 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

598.26 (USD) was the opening price of the day for Ethereum, resulting in yesterday being one in which price moved up 2.05% ($12.03) from yesterday. This move happened on lower volume, as yesterday’s volume was down 58.68% from the day before — and down 22.09% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 6th 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

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ethereum’s price has gone up 18 of the previous 30 trading days.

(Excerpt) Read more Here | 2020-12-02 19:37:00
Image credit: source

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