Ethereum (ETH) closes last hour up $ 10.86; Price basis in formation over the last 90 days, heads up for the 4th day in a row
The hours view for ETH
Last updated June 30, 2021 11:17 PM GMT
Currently, the price of Ethereum is up $ 10.86 (0.48%) from the previous hour. This move is a reversal of the hour before that when the price went down. Regarding the trend, note that the strongest trend is in the 20 hour time frame. The moving averages on the hourly time frame indicate a bearish price as the 20, 50, 100, and 200 are all in a bearish alignment – meaning that the shorter duration moving averages are below the longer duration averages, which is for you indicating a stable downtrend.
Summary of the daily price of Ethereum
Ethereum is up 3.93% ($ 81.81) since yesterday, the 4th day in a row, things have been improving. That move happened at lower volumes, as yesterday’s volume was down 24.3% from the previous day – and down 68.67% from the same day the previous week. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class yesterday. The following daily price chart of Ethereum illustrates.
Technical analysis of Ethereum
Today the current price of Ethereum is near its 20-day sliding lines; Moving average crosses often indicate a change in momentum so this can be worth keeping an eye on. The clearest trend is on the 30th day Timeframe that shows that the price is moving during this time. Also noteworthy is that the price appears to be basing on a 90 day basis – which could set the stage for it to be a support / resistance level in the future. For additional context, note that the price has increased 8 in the last 14 days.
Heard on Twitter
On Twitter, here were the top tweets about Ethereum:
- Of nystorageking:
🚨IMPORTANT COMPETITION NOTICE🚨
THANKS to @plumb_matthews for donating $ 1 BILLION eMax Tokens to show the community the love! Here’s the catch: BY 9:00 PM EST this tweet must have 300RTs, then we’ll pick 1 lucky winner. Don’t forget to turn on the #eMax AMA and follow @Ethereum_Max
- Of udiWertheimer:
I was pondering how I attended an Ethereum podcast 2 months ago to collect the Altcoin from Shill Binance to raise a $ 100,000 donation to an altcoin fund …
- Of IvanOnTech:
Ethereum inflation is set to fall 87.5% this year 🔥 The price is likely to dance 🕺 Crypto charts look terrible now, but we still have 6 months to deliver the EOY pump, the odds are still on ours Page 🤩📈🤩📈
A longer news article about ETH that sparked discussions can be found at:
Enterprise Ethereum is maturing, looking for standards in the open source community
Burnett stated that the blending of these two development standards is necessary to accelerate the adoption of Ethereum businesses in companies: Burnett further mentioned that the Ethereum Oasis Open Project, an Oasis Open initiative for several Ethereum projects, is now under the banner the EEA will operate community projects…. Equally important, Burnett pointed out that the EEA community projects will not try to jeopardize what the Ethereum community has already done: With that in mind, it’s also important to understand why open source standards are used for development of companies are necessary ethers.