The Hourly View for ETH Last Updated July 30, 2021, 02:046 GMT At the time of this writing, ETH’s price is down $-2.76 (-0.11%) from the hour prior.It’s been a feast for bulls operating on an hourly timeframe, as ETH has now gone up 4 of the past 5 hours.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 a pin bar candlestick pattern 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 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 2383.24 (USD) was the opening price of the day for Ethereum, resulting in the day prior being one in which price moved up 3.57% ($82.12) from the day prior.
This move happened on lower volume, as yesterday’s volume was down 24.21% from the day before — and down 12.44% from the same day the week before.
Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the day prior in terms of percentage price change.Below is a daily price chart of Ethereum.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 30 days Ethereum’s price has gone up 17 them.
Overheard on Twitter Over on Twitter, here were the top tweets about Ethereum: – From [TheCryptoLark] : Ethereum is worth 270 billion with only a fraction of these use cases getting attention.Even if we consider defi, gaming, & nfts, it’s still super niche and far from mainstream adoption.Ethereum can literally be the settlement layer of the internet.
Cap will hit trillions! – From [sassal0x] : Remember how people thought that the minimum required ETH amount of 524,000 to kickstart the Beacon Chain wouldn’t be hit?And then we did hit it.And now the total ETH staked amount is at 6.6 million?Yeah, don’t bet against Ethereum 😘 – From [peter_szilagyi] : With London approaching in a week, please be advised that you need Geth v1.10.6 for the hard fork.v1.10.5 was the original hard fork version but we’ve found and fixed a consensus issue a week ago, thus releasing the next version.Tl;DR: #Ethereum London need Geth v1.10.6 As for a news story related to Ethereum getting some buzz: [What impact will the Ethereum London Hard Fork have?] (New to Ethereum?…The EIPs included in the London Hard Fork include: The EIP-1559 proposal makes adjustments to the Ethereum network by exchanging certain gas prices based on their use case and cost over time – with this change, it hopes to develop a fairer fee market in which users can more easily predict costs and adjust their usage accordingly.EIP-1559 introduces a base fee to each block the protocol dynamically extracts or expands, depending on how busy the network is..
