The hourly display for ETH
Last updated 28 October 2020, 01: 037 GMT
Right now, the price of ETH is up $ 0.04 (0.01%) from the previous hour. ETH has seen its price drop on 4 of the last 5 hours, thus creating some interesting opportunities for the bulls. Regarding the trend, note that the strongest trend exists in the 100 hour time frame. Price action traders may also want to note that we see some doji and pin bar candle patterns on ETH. Given that we see an uptrend over the 20 hour candle time frame and such candle patterns often denote reversals, this can be noteworthy. The moving averages on the hourly time frame suggest a discontinuity in price, as 20, 50, 100 and 200 are all in a mixed alignment, which means that the trend across time periods is inconsistent, indicating a potential opportunity for rangebound traders.
Ethereum Daily Price Summary
The back-and-forth price flow continues for Ethereum, which started today at US $ 403.74, up 2.7% ($ 10.63) from the previous day. This move came with lower volume, as yesterday’s volume fell 34.21% from the day before and 8.73% from the same day the previous week. Compared to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd from the previous day in terms of percentage change in price. The Ethereum Daily Price Chart below illustrates.
Ethereum technical analysis
Trending traders will want to observe that the the strongest trend appears on day 14 horizon; in that period of time, the price has risen. Or to look at it another way, note that over the past 10 days the price of Ethereum has risen by 6.
Heard on Twitter
On Twitter, here are the best tweets on Ethereum:
- From sassal0x:
I hate to say this but I feel that people outside the Ethereum space have no idea that what will be launched in 2020 is not the full Eth2 suite, so here’s a PSA: what will be launched this year is Eth2 Phase 0 which is Proof of Stake only – no sharding, no smart contracts, no txs.
- From RyanSAdams:
ETH will absolutely challenge BTC as money, it is already better money than BTC on Ethereum. ETH is the reserve currency of the largest trustless economy the world has ever seen.If you think ETH killer tokens are the same as ETH’s, you don’t understand Ethereum.
- From race:
Before the “DeFi” era, smart contracts on Ethereum were exploited due to the lack of code analysis tools and the lack of expert auditors. Now the growing problem is economic attacks that exploit interactions between different smart contracts. The complexity of ETH remains a double-edged sword.
As for a news related to Ethereum that is arousing some interest:
Ocean’s on Ethereum Mainnet. Network implementations of the ocean protocol… | by Trent McConaghy | October 2020 | Oceanic protocol
Ocean Protocol V3.0 is now deployed on the Ethereum mainnet …. We can deploy Ocean on the Ethereum Mainnet now …. Ocean V3.0 is deployed on the Ethereum mainnet …. OCEAN tokens remain on the Ethereum mainnet; therefore no bridge is needed to the Ethereum mainnet for the utility of Ocean smart contracts … In all these implementations, the OCEAN tokens will remain on the Ethereum mainnet and connected to other networks … Ocean V3.0 has been deployed on Ethereum Mainnet.
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