Ethereum (ETH) Closes Last Hour Up $1.16; 2 Day Up Streak Snapped, in an Uptrend Over Past 30 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for ETH

Last Updated November 19, 2020, 03:017 GMT

Currently, ETH’s price is up $1.16 (0.24%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. 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 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

Ethereum entered today at $478.76, down 0.82% ($3.95) from the previous day. The price move occurred on volume that was down 32.59% from the day prior, but up 41.83% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the previous day in terms of percentage price change. Let’s take a look at the 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 5 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From VitalikButerin:

    @cryptonews @novogratz @ethereum It was the Ethereum Foundation, not me as an individual!I’m grateful to @novogratz and other early purchasers of the EF’s ETH. If it weren’t for them, perhaps the EF would not have survived financially and ethereum would have had a harder time growing to where it is today!

  • From TrustlessState:

    Here’s the plan: Pump $ETH to $10KEthereum now at $1.2T The Ethereum ecosystem has a Trillion $$ it didn’t haveWe invest these gains into new projects, seed investments, companiesThese companies build more products over 2-3 yearsThen $ETH is legitimately worth $10K

  • From scottmelker:

    There’s a famous saying that stocks are the only thing that people refuse to buy when they are on sale. This also seems to apply to Alts. Specifically Ethereum.I want $ETH on sale and continue to aggressively DCA.

For a longer news piece related to ETH that’s been generating discussion, check out:

Ledger is ready for the Ethereum 2.0 revolution | Ledger

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11/17/2020
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