The hourly display for ETH
Last updated Nov 15, 2020, 02: 037 GMT
At the time of writing, the price of ETH has dropped $ -0.59 (-0.13%) from the previous hour. This is the second consecutive hour that ETH has seen its price head down. Regarding the trend, note that the strongest trend exists in the 50 hour period. 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
The back and forth price flow continues for Ethereum, which started today at US $ 461.03, down 3.32% ($ 15.84) from yesterday. This move happened on a lower volume, as yesterday’s volume fell 26.61% from the day before and 11.25% from the same day the previous week. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class yesterday. 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. For another plus point, consider that Ethereum’s price has risen by 17 of the previous 30 trading days. Traders may also want to note that a bearish engulfing pattern at stake, which suggests the bullish trend in the 14 and 30 day charts, could slow down and be ready to reverse.
