The hourly display for ETH
Last updated November 23, 2020, 02:036 GMT
At the time of writing, the price of ETH has increased by $ 0.96 (0.17%) from the previous hour. This is the second consecutive hour that ETH has seen its price rise. If you are a trend trader, consider that the strongest clear trend on the hourly chart exists in the 50 hour period. Price action traders may also notice that we see a bar shaped candlestick pattern on ETH. Given that we see an uptrend over the 20 hour candlestick period and such candlestick patterns often denote reversals, this can be noteworthy. The moving averages over the hourly timeframe suggest a fall in price, as 20, 50, 100 and 200 are all in a bearish alignment, which means that the shorter duration moving averages are lower than the longer duration averages, the which implies a stable downward trend.
Ethereum Daily Price Summary
Ethereum closed the day before up 1.4% ($ 7.75); this denotes the 3rd consecutive day it has increased. The price movement occurred on a stronger volume; in particular, yesterday’s volume increased by 35.38% compared to the previous day and by 358.06% compared to the same day the previous week. Ethereum outperformed all 7 assets in the Top Cryptos asset class from the day before. Congratulations to its owners! The Ethereum Daily Price Chart below illustrates.
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. Also, candle traders! Note that the pin bar pattern also appears here.
