Ethereum (ETH) Closes Prior Hour Down -0.45%; Price Base in Formation Over Past 30 Days, 6 Day Up Streak Snapped

The Hourly View for ETH

Last Updated October 14, 2020, 01:036 GMT

At the time of this writing, ETH’s price is down $-1.75 (-0.45%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on ETH; it is now pointing down. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Ethereum Daily Price Recap

The end of a 6 day positive run has come for Ethereum, which finished yesterday down 1.42% ($5.5). 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. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 6th for the day in terms of price change relative to yesterday. Here is a daily price chart of Ethereum.

Ethereum Technical Analysis

Coming into today the current price of Ethereum is sitting close to its 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 19 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:


    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?

As for a news story related to Ethereum getting some buzz:

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