Ethereum (ETH) Closes Last Hour Down $-0.05; 2 Day Down Streak Ended, in an Uptrend Over Past 30 Days

The Hourly View for ETH

Last Updated November 17, 2020, 09:016 GMT

At the moment, ETH’s price is down $-0.05 (-0.01%) from the hour prior. This is the 2nd consecutive hour ETH has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Ethereum Daily Price Recap

The choppiness in the recent daily price action of Ethereum continues; to start today, it came in at a price of 461.01 US dollars, up 2.79% ($12.5) since yesterday. As for how volume fared, yesterday’s volume was up 163.56% from the previous day (Sunday), and up 195.12% from Monday of the week before. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during yesterday. Here is a daily price chart of Ethereum.

Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ethereum’s price has gone up 9 of the previous 14 trading days.