The hourly display for ETH
Last updated 29 October 2020, 01: 037 GMT
Currently, the price of ETH is down $ -1.68 (-0.43%) from the previous hour. The hourly chart shows what ETH has seen 2 consecutive hours. If you are a trend trader, consider that the strongest clear trend on the hourly chart exists in the 50 hour period. The moving averages over the hourly time frame suggest a bullish price, as 20, 50, 100 and 200 are all in bullish alignment, which means that the shorter durations are above the longer duration averages, which implies a solid upward trend.
Ethereum Daily Price Summary
Ripple in Ethereum’s recent daily price action continues; to start today, it came in at a price of US $ 388.77, down 3.71% ($ 14.97) from the previous day. This move happened with lower volume, as yesterday’s volume fell 28.8% from the day before and 73.4% from the same day the previous week. Of the 7 instruments in the Top Cryptos asset class, Ethereum finished in sixth place on the day in terms of price change from the previous day. The Ethereum Daily Price Chart below illustrates.
Ethereum technical analysis
The first thing we should note is that Ethereum is now close to its 20 and 100-day averages, located at 385.83 and 373.25 respectively, and therefore could be at a key moment along those times. The clearest trend exists in the 30 days time frame, which shows the price rising over that period. For further context, note that the price has risen by 17 over the past 30 days.
Heard on Twitter
On Twitter, here are the best tweets on Ethereum:
- From RyanSAdams:
JP Morgan coin? No big deal It’s just the largest bank in the US making an entire unit for digital currencies using a private Ethereum based sidechain See the rest follow All bank records are Ethereum sidechains They don’t know yet
- From ChainLinkGod:
@LegitoCrypto Chainlink is blockchain independent and can run at the native speed of any underlying chain The network is updating soon to off-chain reporting which will further reduce costs and allow for more networks Ethereum is where the vast majority of the current deamnd is located for the oracles
- From Justin_Bons:
Ethereum is positioned to inherit the throne of Bitcoin This path is not guaranteed but depends on further progress Who will inherit the throne, will face the greatest challenge of replacing the empire of fiat This final battle is all we should worry about besides tribalism mean
As for a news related to Ethereum that gets some buzz:
Ocean’s on Ethereum Mainnet. Network implementations of the ocean protocol… | by Trent McConaghy | October 2020 | Oceanic protocol
Ocean Protocol V3.0 is now deployed on the Ethereum mainnet …. We can deploy Ocean on the Ethereum Mainnet now …. Ocean V3.0 is deployed on the Ethereum mainnet …. OCEAN tokens remain on the Ethereum mainnet; therefore no bridge is needed to the Ethereum mainnet for the utility of Ocean smart contracts … In all these implementations, the OCEAN tokens will remain on the Ethereum mainnet and connected to other networks … Ocean V3.0 has been deployed on Ethereum Mainnet.
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