Ethereum (ETH) Closes Last Hour Up $0.54; 6 Day Up Streak Snapped, in an Uptrend Over Past 14 Days, Price Base in Formation Over Past 30 Days

The Hourly View for ETH

Last Updated October 14, 2020, 23:16 GMT

Currently, ETH’s price is up $0.54 (0.14%) from the hour prior. The hourly chart shows that ETH has seen 2 straight up hours. 3 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

Ethereum is down 1.42% ($5.5) since the previous day, marking a reversal from the day prior — and the end of a 6 day positive run. This move happened on lower volume, as yesterday’s volume was down 30.62% from the day before — and down 13.01% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 6th since the previous day in terms of percentage price change. Below is a daily price chart of Ethereum.

Ethereum Technical Analysis

Notably, Ethereum is now close to its 50 day averages, located at 370.28 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Ethereum’s price has gone up 19 of the previous 30 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From CRYPTOFIED1:

    It’s a Big Day TODAY🔥 as @dypfinance draws the Winners for the 10 Ethereum $ETH #Giveaway TODAY 🤑The $DYP Community Crowdsale Whitelist Application form will also be LIVE TODAY 🚀Also TODAY, a special Bounty Campaign 🎁 for Twitter, Discord & Telegram will be launched ⭐

  • From stealthswap:

    Tomorrow at 22:00 UTC we will be deploying StealthPay on Ethereum’s mainnet! 😊StealthPay is the first dapp on Ethereum to offer users an inexpensive way to receive payments anonymously.We will have support for ETH/OWL/DAI/USDT/USDC at launch with more coming soon!

  • From BanklessHQ:

    With Ethereum 2.0 approaching, @VitalikButerin will return to the Bankless Podcast……to revisit some of the fundamentals design principles that Ethereum 2.0 has been built on:- Why PoS?
    – Why Sharding?
    – Why ETH Issuance?
    – Why 1559?What questions do you want asked?

In terms of news links for Ethereum here’s one to try:

Transfer any ERC20 from Ethereum to xDai – TokenBridge

There are several ways to find the Custom token address on xDai using BlockScout….Paste your address into the BlockScout Search bar at https://blockscout.com/poa/xdai and click the Tokens tab to see all the tokens associated with your address on xDai.