The hourly display for ETH
Last updated November 27, 2020, 02: 037 GMT
At the time of writing, the price of ETH has fallen by $ -1.18 (-0.22%) from the previous hour. This is the second consecutive hour that ETH has seen its price head down. As for the trend of the hourly time frame, we see the clearest trend over the 100 hour timeframe. Price action traders may also want to note that we see a bar shaped candlestick pattern on ETH. Given that we see an uptrend over the 10 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 not consistent, indicating opportunity for rangebound traders.
Ethereum Daily Price Summary
Ethereum closed the day before down 8.64% ($ 49.18); this denotes the third consecutive day that a decline has occurred. As for the volume trend, yesterday’s volume increased by 87.94% compared to the previous day (Wednesday) and by 81.3% compared to Thursday of the previous week. Of the 7 instruments in the Top Cryptos asset class, Ethereum finished in 2nd place for the day in terms of price change from the previous day. Here is a chart of Ethereum’s daily price.
Ethereum technical analysis
The first thing we should note is that Ethereum is now close to its 20-day averages, located at 495.99 respectively, and therefore could be at a key moment along those times. The clearest trend exists on day 14 timeframe, which shows the price increasing over time. Or to look at it another way, note that over the past 10 days the price of Ethereum has risen by 5.
Heard on Twitter
On Twitter, here are the best tweets on Ethereum:
- 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 ricburton:
I strongly believe that at some point in the future a team will release a currency that has a much more useful monetary policy than counting up to 21,000,000 for 100 years There must be something better I also strongly believe that this new currency will be built on Ethereum
- From JohnKalnins1:
Never forget that on day 33 of the AA you could get 1,841,000 HEX for less than $ 200 worth of Ethereum because the market was scared. I bought HEX that day. You have done? Fear in the market is your friend and maximizes your ROI, so I once again bought HEX today. You have done?…
As for a news related to Ethereum receiving some buzz:
Celsius claims to have provided 25,000 Ether to help launch Ethereum 2.0
Additional transactions have been deposited into the Ethereum 2.0 contract to ensure the December 1 launch of the Eth2 beacon chain The highly anticipated launch of Ethereum 2.0, or Eth2, is scheduled for next week …. Mashinsky said: Mashinsky has further shared that the growth The Celsius community was modeled on Ethereum, emphasizing the importance of returning the Ethereum network: although the Eth2 beacon chain is set to launch in December.
[ad_2]Source link
