Ethereum (ETH) closes down -28.71 USD last hour; is moving down in a downtrend for the past 14 days for the 2nd even day

The look of the hour for ETH

Last updated on May 23, 2021 02:046 GMT

The price of ETH is currently down by USD 28.71 (-1.22%) compared to the previous hour. ETH has seen its price 4 of the last 5 hoursThis creates some compelling opportunities for bears. If you are a trend trader, remember that the strongest clear trend on the hourly chart is within the 50 hour time frame. The moving averages in the hourly timeframe suggest an upward movement in price as the 20, 50, 100 and 200 are all bullish – meaning that the shorter maturities are above the longer duration averages, implying a solid uptrend.

Ethereum Daily Price Recap

Ethereum is 5.7% decrease ($ 138.83) Since yesterday, for the second day in a row, there has been a decline. The price change was accompanied by a change in volume, which decreased by 29.57% from the previous day, but decreased by 24.61% from the Saturday of last week. Of the 7 instruments in the Top Cryptos asset class, Ethereum took 2nd place in terms of price change compared to yesterday. The Ethereum daily price chart below shows this.

Technical analysis of Ethereum

The first thing we should note is that Ethereum is now close to its 100 day average, which is at 2264.79, so it may be at an important point in this period. Trend traders will want to watch that The strongest trend is evident on day 14 Horizon; During this period the price has decreased. To look at things differently, note that the price of Ethereum has decreased by 7 in the past 10 days.

Overheard on Twitter

Catch sight of! Here are the top tweets about Ethereum:

  • Of danreecer_::

    Ethereum’s success will be Polkadot’s success, and Polkadot’s success will be Ethereum’s success. We are all in it together, and these networks will all be interwoven. Value and information will flow freely, just like today’s databases that we don’t even realize are there.

  • Of ChainLinkGod::

    So the irony here is that Ethereum meets a changing narrative: global computer, ICOs, DeFi, NFTs, etc. But when a new Ethereum narrative comes out, the others don’t go away, it’s additive. We just find more cool shit to do with smart contracts

  • Of julianhosp::

    Stop listening to Media FUD. Here are some facts:
    @cakedefi is a platform aimed at long-term hodlers.
    In May we exceeded our April numbers in only 2/3 of the time.
    Hodler and people with a time horizon are optimistic about #bitcoin, #defichain, #ethereum etc. !!!

As for a message related to Ethereum that is causing a stir:

Ethereum Classic will probably rise 9x faster than ETH InvestorPlace in the next 3 years

After all, Ethereum has risen 367% so far this year. According to its proponents, it is “free from external interference and subjective manipulation”. Ethereum Classic also has a limit of 210 million tokens …. Bitcoin has issued 18.7 million and pending its total delivery cap of 21 million, or 89% of the total …. Some see ETC tokens as a faster way to cash in with the Ethereum Earning Blockchain Platform …. Their market capitalization is only $ 10.3 billion …. Ethereum has a market value of $ 395 billion.

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