Ethereum (ETH) Closes Last Hour Down $-1.60; Heads Up For the 3rd Day In A Row

The Hourly View for ETH

Last Updated December 1, 2020, 02:036 GMT

Currently, ETH’s price is down $-1.6 (-0.26%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend 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

Ethereum is up 6.97% ($40.14) since the day prior, marking the 3rd day in a row it has gone up. The change in price came along side change in volume that was up 130.79% from previous day, but down 14.81% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 6th since the day prior in terms of percentage price change. Below is a daily price chart of Ethereum.

Ethereum Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 18 out of the past 30 days.