The Hourly View for ETH
Last Updated June 29, 2021, 05:017 GMT
At the moment, Ethereum’s price is down $-13.08 (-0.62%) 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.choppiness mixed trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders .Ethereum Daily Price Recap
Ethereum came into today up 5.07% ($100.47) from the open of yesterday, marking the 3rd day in a row an upward move has occurred.The change in price came along side change in volume that was up 19.73% from previous day, but down 52.58% from the Monday of last week.
On a relative basis, yesterday was pretty good: Ethereum bested all 7 of the assets in the Top Cryptos class 🙂 The daily price chart of Ethereum below illustrates.
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 down.Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 16 them.Overheard on Twitter From JRNYcrypto :
Giving away $1,000 of Ethereum $ETH to 2 winners this time 🚀All you have to do is retweet and be following @JRNYcrypto and @join_hyve so we can message the winnerTwo random winner will be selected on Tuesday at 6:00pm PST 🙂 From Vivek4real_ :
If you are building on L2, Why use ETH as base layer which is less secure and less decentralized than #Bitcoin?Ethereum make no sense to use if you are going to build on L2.
Why not use the most secure chain which have $1 trillion of capital and will likely outlast everyone.From RyanSAdams :
“I like ethereum because people actually use it much more to be able to buy things.
I’m going to continue to buy ethereum.I think it’s got a little more game.
It’s more of a currency.”@jimcramer said this on CNBC this morning.ETH is money.
For a longer news piece related to ETH that’s been generating discussion, check out:
Ethereum looks to retake $2K days before London hard fork — Big breakout ahead?
Ether (ETH) prices reclaimed $2,000 on Monday, increasing expectations that the latest rebound would serve as a cue for further upside moves based on bullish fundamental and technical outlooks….Ether’s circulating supply was 116,471,411.37 ETH at the time of publication….EIP-1559 proposes to burn a portion of the fee collected from Ethereum users, thus introducing a mechanism to put active ETH tokens of supply for the first time since its launch….To become a validator on the Ethereum network, a user needs to lock at least 32 ETH in the network’s official smart contracts; that also reduces ETH’s active supply.Post navigation.
