Ethereum (ETH) closes the previous hour by 1.04%; Exceeds 100 day moving average with head down for 3rd day in a row in an uptrend over the past 90 days
The look of the hour for ETH
Last updated on May 24, 2021 02:048 GMT
Currently, the price of ETH has increased by USD 22.04 (1.04%) compared to the previous hour. This step is a reversal of the previous hour when the price fell. As for the trend in the hourly timeframe, we see that clearest trend in the 50-hour period. 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 closed yesterday 8.64% decrease ($ 198.46);; This marks the third day in a row that it sank. In terms of volume, yesterday’s volume increased by 50.16% compared to the previous day (Saturday) and by 34.92% compared to the Sunday of the previous week. Of the 7 instruments in the Top Cryptos asset class, Ethereum took 3rd place in terms of price change compared to yesterday. Here is a daily price chart of Ethereum.
Technical analysis of Ethereum
In particular, Ethereum fell below its 100-day moving average yesterday. Trend traders will want to watch that The strongest trend is evident on day 14 Horizon; During this period the price has decreased. For additional context, note that the price has decreased by 9 in the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- Of MihailoBjelic::
@mcuban @ sram1337 @ 0xPolygon You know we’re here to help if your team needs anything. But after talking to you I honestly think that you can do the integration yourself, you don’t need anyone. 😂 Still impressed with your understanding and hands-on experience on Ethereum / Web3, kudos. 👏
- Of TheADAApe::
For some reason, people find it controversial when I say that third generation blockchains (#cardano) are worth more in the long run than first generation blockchains (#bitcoin) and second generation blockchains (#ethereum). Apart from maximalism, I see no reason why.
- Of BTCization::
Goldman in May 2020:
“Bitcoin is neither an asset class nor an appropriate investment.” Goldman Sachs in May 2021:
“Ethereum is a better store of value than Bitcoin.” Goldman in May 2022:
“We are filing for Chapter 11 bankruptcy.”
As for a message related to Ethereum that is causing a stir:
Why the founder of Ethereum, Vitalik Buterin, got into crypto, bitcoin
“I thought [bitcoin] was something really interesting, ”Buterin told Business Insider in 2019. To clarify his reasoning, Buterin compared Bitcoin to a calculator and a new potential blockchain to a smartphone of the system by making it more general and applying it to blockchains. “As a result, he developed Ethereum, the blockchain that powers the ether of cryptocurrency.