Ethereum (ETH) Closes Last Hour Up $3.35; in an Uptrend Over Past 14 Days, 2 Day Down Streak Snapped

The Hourly View for ETH

Last Updated November 21, 2020, 02:036 GMT

At the moment, ETH’s price is up $3.35 (0.65%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. 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

510.43 (USD) was the opening price of the day for Ethereum, resulting in yesterday being one in which price moved up 8.18% ($38.61) from yesterday. The price move occurred on volume that was down 9.48% from the day prior, but up 98.14% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since yesterday in terms of percentage price change. Here is a 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. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone up 5 them.