The hourly display for ETH
Last updated November 26, 2020, 02: 037 GMT
At the time of writing, the price of ETH has fallen $ -10.41 (-1.83%) from the previous hour. ETH has seen its price drop down 4 hours in the last 5, thus creating some interesting opportunities for bears. 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 not consistent, indicating opportunity for rangebound traders.
Ethereum Daily Price Summary
Ethereum arrived today down 5.88% ($ 35.58) since yesterday’s opening, marking the 2nd consecutive day, there has been a decline. The change in price was accompanied by the change in volume which fell by 66.62% from the previous day, but up 20.64% from last week’s Wednesday. Of the 7 instruments in the Top Cryptos asset class, Ethereum ranked 4th on the day in terms of price change compared to yesterday. Let’s take a look at Ethereum’s daily price chart.
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 went up. For further context, note that the price has increased by 6 in the past 10 days.
Heard on Twitter
Look! Here are the best Ethereum related tweets:
- From VitalikButerin:
One of the weirdest anti-ethereum arguments I see is “Vitalik said high fees are bad, but look how much ETH fees have gone up in 2020 !!!” Like… we have * multiple * huge multi-year efforts to solve exactly this problem, and the first phase of one of them will literally be launched next week.
- From HukAleksandra:
Is your portfolio growing? I don’t care what you have in your hand, you deserve it. Well done for investing, regardless of all the naysayers you believed in your dream. You could spend it on a new TV, drugs, or takeout food. You have chosen to purchase $ ADA #XRP #Ethereum #BTC etc. I applaud you👏🏻
- From RyanSAdams:
The threshold for eth2 mainnet launch has just been reached: on December 1, 2020 Ethereum internet link will be launched and history will be made.If you’re seeing this tweet you were here when it happened.ETH is money. 🚀
As for a news related to Ethereum receiving some buzz:
Ethereum 2.0 Deposit Agreement Has Sufficient Funds To Launch – CoinDesk
The last 25% of the ETH needed to activate the contract was deposited in four hours …. To become an Ethereum 2.0 validator, a user must wager a minimum of 32 ETH through the deposit agreement.
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