The Hourly View for ETH
Last Updated September 30, 2020, 01:037 GMT
At the time of this writing, ETH’s price is up $0.81 (0.23%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 1 Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them with price now being above it. 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
359.92 (USD) was the opening price of the day for Ethereum, resulting in the previous day being one in which price moved up 1.67% ($5.91) from the previous day. This move happened on lower volume, as yesterday’s volume was down 12.15% from the day before — and down 19.21% from the same day the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since the previous day. Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
Notably, Ethereum is now close to its 20 day averages, located at 363.26 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 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone up 6 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:
- From Fiskantes:
You who are buying ETH killer tokens with expectation that it will just bootstrap similar ecosystem to Ethereum in a year have no idea how hard this tech is.I am now playing with BSC and I feel like playing with Mist Browser for the first time in 2016 or so.This tech is hard.
- From iamDCinvestor:
1/ There are currently 130K BTC circulating on Ethereum.When that number reaches 185K, that will represent approximately 1% of the circulating BTC supply.By the end of his cycle in crypto, I expect it could possibly go as high as 10%, or ~1.85M BTC.Keep an eye on this. 👀
- From maticnetwork:
2/⚡️By utilizing Matic, users will be able to send USDT at lightning-fast speeds at a fraction of the cost of the gas fees on Ethereum. This will not only provide a superior UX, but will also assist with Ethereum’s congestion crisis by taking the strain from the mainchain.
In terms of news links for Ethereum here’s one to try:
In an AMA yesterday, Charles Hoskinson, inventor of Cardano, announced new details about Goguen….Already this week there is to be a first announcement of a project that will migrate from Ethereum to Cardano, as Hoskinson leaked….New details and progress for both technologies, Plutus and Marlow, will be announced by the end of the month, as Hoskinson promised.