Ethereum (ETH) Price Near $463.77; Price Base in Formation Over Past 90 Days, in an Uptrend Over Past 14 Days

The Hourly View for ETH

Last Updated November 11, 2020, 02:036 GMT

At the moment, ETH’s price is down $-0.24 (-0.05%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on ETH. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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

The back and forth price flow continues for Ethereum, which started today off at 450.86 US dollars, up 1.44% ($6.41) from the day prior. This move happened on lower volume, as yesterday’s volume was down 10.39% from the day before — and down 30.1% from the same day the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since the day prior. Congrats to its holders! Let’s take a look at the daily price chart of Ethereum.

Ethereum Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 90 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 14 days Ethereum’s price has gone up 8 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 BullyEsq:

    I get why people are bullish on bitcoin. I am bullish on bitcoin. I get why people are bullish on ethereum. I am bullish on ethereum. I do not get why people are bullish on government fiat currencies. I am not bullish on government fiat currencies.

  • From EthereumOnARM:

    1/ PSA. After months of testing and research with both Eth1 and Eth2 nodes, we decided to stake from day zero on a @Raspberry_Pi 4.If you plan to do so, we encourage you to wait for our feedback and make sure it is safe to stake in these kinds of devices. #eth2 #ethereum

  • From BobMcElrath:

    It is impossible for a blockchain to prove its own consistency without reference to the external world. In Bitcoin this is mining and its extrinsic cost. Ethereum gave up and went with “weak subjectivity” which means you have to trust a third party to tell you.