Ethereum (ETH) closes last hour down $ -0.67; It moves down for the second consecutive day


The hourly display for ETH

Last updated November 16, 2020, 02: 037 GMT

Currently, the price of ETH is down $ -0.67 (-0.15%) from the previous hour. This is the second consecutive hour that ETH has seen its price head down. Regarding the trend, note that the strongest trend exists in the 50 hour period. 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 potential opportunity for rangebound traders.

Ethereum Daily Price Summary

Ethereum closed the previous day down 2.72% ($ 12.52); this denotes the 2nd consecutive day that it went down. The change in price was accompanied by the change in volume which fell by 17.53% from the previous day, but up by 52.45% from last week’s Sunday. Compared to other instruments in the Top Cryptos asset class, Ethereum ranked 6th from the previous day in terms of percentage change in price. Here is a chart of Ethereum’s daily price.


Ethereum technical analysis

The clearest trend exists on the 14th day timeframe, which shows the price increasing over time. Or to look at it another way, note that over the past 30 days the price of Ethereum has risen by 17.

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