The Hourly View for ETH
Last Updated January 12, 2021, 08:017 GMT
At the time of this writing, Ethereum’s price is down $-9.69 (-0.85%) from the hour prior. Ethereum has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 down 13.33% ($167.35) since yesterday, marking the 2nd day in a row a decrease has occurred. As for how volume fared, yesterday’s volume was up 98.43% from the previous day (Sunday), and up 30.25% from Monday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Ethereum ended up ranking 5th for the day in terms of price change relative to yesterday. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
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. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 9 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 ErikVoorhees:
My hope for 2021 is that the the Bitcoin maxis stop smelling their own farts, the Ethereum maxis stop daydreaming of rainbows and pickles, the “number go up” noise goes down, and everyone in crypto realizes this shit’s starting to get real. Build, focus, plan, and cooperate.
- From bradmillscan:
Ethereum & Uniswap suck balls.Trying to buy the #Bitcoin dip on Uniswap and I got 3 failed transactions in a row with $60 fees…When an Ethereum transaction fails, you don’t get the fee back.Ethereum is the worst blockchain that exists, bar none.Try using it. $180 poof.
- From naval:
We’re transitioning through a temporary bug in the Internet’s history before we knew how to build open social protocols.At first, the Internet transferred data. Then, it transferred scarcity (Bitcoin). Then, computation (Ethereum). Coming up – identity and social graphs.
As for a news story related to Ethereum getting some buzz:
Understanding the ETH Hype and the Ethereum Bull Run 2021
Some Ethereum predictions even suggest that we could see an Ethereum bull run in 2021 perform in a similar way to Bitcoin’s atmospheric rise during late 2017….The Ethereum 101 course at Ivan on Tech Academy is designed for people that want to learn the basics of the Ethereum Blockchain….The introduction of the Ethereum blockchain created a plethora of opportunities for developers to build decentralized applications, hosted and run through the Ethereum blockchain. Smart contracts had been a concept for nearly 30 years before Buterin finally made them a reality….Ethereum (ETH) is approaching its all-time high Furthermore, Ethereum can be adopted on a protocol level….No wonder people are looking into Ethereum!…If you want to learn how to build on Ethereum, make sure you check out the Ethereum Smart Contract Programming 101 course at Ivan on Tech Academy.
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