The hourly display for ETH
Last updated November 20, 2020, 23:16 GMT
At the time of writing, the price of ETH has fallen $ -2.03 (-0.4%) from the previous hour. It was a party for bears operating on an hourly time frame, as ETH has now fallen by 4 of the past 5 hours. As for the trend of the hourly time frame, we see the clearest trend over the 100 hour time frame. The moving averages over the hourly timeframe suggest a downside 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 yesterday down 1.45% ($ 6.94); this denotes the 2nd consecutive day that it went down. As for the volume trend, yesterday’s volume increased by 25.06% compared to the previous day (Wednesday) and by 116.84% compared to Thursday of the previous week. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class yesterday. Here is a chart of Ethereum’s daily price.
Ethereum technical analysis
Volatility for Ethereum has shrunk in the past two weeks versus the volatility in the past month. Whether volatility recedes will be something to watch. 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 further context, note that the price has risen by 16 over the past 30 days.
