The Hourly View for ETH
Last Updated April 21, 2021, 06:016 GMT
At the moment, Ethereum’s price is up $4.99 (0.22%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Ethereum. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, so that price is now turning above it. 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 end of a 4 day negative run has come for Ethereum, which finished yesterday up 7.82% ($169.09). As for how volume fared, yesterday’s volume was up 21.39% from the previous day (Monday), and up 55.34% from Tuesday of the week before. On a relative basis, yesterday was pretty good: Ethereum bested all 7 of the assets in the Top Cryptos class
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