The hourly display for ETH
Last updated December 3, 2020, 02: 036 GMT
At the time of writing, the price of ETH has fallen $ -0.18 (-0.03%) from the previous hour. ETH has seen its price drop down 4 hours in the last 5, thus creating some interesting opportunities for bears. Regarding the trend, note that the strongest trend exists in the 100 hour time frame. Note that the 20 hours have changed direction on ETH; now point down. 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
598.26 (USD) was the day’s opening price for Ethereum, resulting in yesterday’s price when the price increased 2.05% ($ 12.03) from yesterday. This move came with lower volume, as yesterday’s volume fell 58.68% from the day before and 22.09% from the same day the previous week. Of the 7 instruments in the Top Cryptos asset class, Ethereum ranked sixth on the day in terms of price change compared to yesterday. Let’s take a look at Ethereum’s daily price chart.
Ethereum technical analysis
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 another point of view, consider that Ethereum’s price has increased by 18 of the previous 30 trading days.
