The hourly display for ETH
Last updated November 30, 2020, 02: 037 GMT
Currently, the price of ETH is down $ -0.85 (-0.14%) 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. As for the trend of the hourly time frame, we see the clearest trend over 20 hours. 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 upward trend over the time frame of the 20 and 10 hour candles and that 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 potential opportunity for rangebound traders.
Ethereum Daily Price Summary
Ethereum is up 7.1% ($ 38.2) since yesterday, marking the 2nd consecutive day, there has been an upward movement. The price movement occurred on the volume which increased 104.08% from the previous day, but down 10.54% from the same day the previous week. Compared to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since yesterday 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 30 horizon; in that period of time, the price went up. For another point of view, consider that Ethereum’s price has increased by 18 of the previous 30 trading days.
