The hourly display for ETH
Last updated 10 November 2020, 02: 037 GMT
At the time of writing, the price of ETH has fallen $ -0.76 (-0.17%) from the previous hour. It was a party for bulls operating on an hourly time frame, as ETH has now risen by 8 of the past 10 hours. From an hourly perspective, the market looks rather unstable; clear trends do not show themselves in the 20, 50 and 100 hour periods. As for the moving averages, it should first be noted that the price has exceeded the 20 hourly moving average, thus resulting in the price is now turning under it. 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 a potential opportunity for rangebound traders.
Ethereum Daily Price Summary
444.45 (USD) was the day’s opening price for Ethereum, resulting in yesterday’s where the price fell 2.26% ($ 10.29) from yesterday. The price movement occurred on the volume which had increased 36.15% from the previous day, but down 23.81% from the same day the week before. Of the 7 instruments in the Top Cryptos asset class, Ethereum ranked 4th on the day in terms of price change compared to yesterday. Here is a chart of Ethereum’s daily price.
Ethereum technical analysis
Trend traders will want to observe that the the strongest trend appears on day 14 horizon; in that period of time, the price went up. Furthermore, it should be noted that on a 90 day basis the price appears to form a base, which could be the stage for a support / resistance level in the future. Or to look at it another way, note that over the past 30 days the price of Ethereum has risen by 16.
Heard on Twitter
On Twitter, here are the best tweets on Ethereum:
- From Crypto_BitC:
It is clear that the top 3 coins will be: $ BTC # Bitcoin $ ETH # Ethereum $ LINK #Chainlink 👑 They will be the foundation of our future world economy We will look back on these days and compare them with the internet dial-up days We are ahead and we have to be patient 🚀
- From BullyEsq:
I understand why people are optimistic about bitcoin. I am optimistic about bitcoin. I understand why people are optimistic about Ethereum. I am optimistic about Ethereum. I don’t understand why people are optimistic about government fiat currencies. I’m not optimistic about the government’s fiat currencies.
- From cryptonerd85:
I never understood the concept behind the fact that
“Only a few people get rich” until I stumbled upon $ QNT No wonder most crypto tweets are sleeping there while massive partnerships and mass adoptions are at play silently behind the scenes for # qnt $ btc $ eth $ link $ xrp #Ethereum
In terms of news links for Ethereum, here’s one for you to try:
A dip in Ethereum 2.0 | CoinMarketCap
A significant change in the Ethereum 2.0 blockchain will be the move to staking … Ethereum 2.0 must have been launched by now! … Once ETH 2.0 is fully built and running, ConsenSys states, “The current plan is for the Ethereum 1.0 chain to effectively become the first shard on Ethereum 2.0 when Phase 1 is launched.” There are actually some pretty garish analogies out there describing how the switch will work … If you currently own Ether, you might be really worried your ETH will be worthless as soon as the new blockchain roars to life. Here’s the important thing to remember: It won’t be cryptocurrency that will be different when ETH 2.0 is launched, it will be the blockchain technology that supports it that changes … Validators who join the Beacon Chain phase will not be able to withdraw the ‘Ether who have been aiming for Phase 2 of the update, which could be two or three years away. Again, it is important to point out that you will not be able to purchase ETH 2.0 tokens once the upgrade is complete … With some in the crypto community starting to lose faith in the blockchain due to repeated delays in the launch of Phase 0, with DeFi pushing the blockchain network to its limits, it’s no wonder the Ethereum Foundation is starting to feel the heat.
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