Ethereum (ETH) price near $ 2,539.74; Heads up for the 3rd day in a row, in an upward trend over the past 14 days, eyes 100-day average

The hours view for ETH

Last updated on August 2, 2021 02:017 GMT

Currently, the price of Ethereum is up $ 0.3 (0.01%) from the previous hour. This is the second hour in a row that Ethereum has seen its price rise. Regarding the trend, note that the strongest trend exists in the 100 hour timeframe. 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 came into play today up 2.77% ($ 68.14) since yesterday’s opening, which marks the third day in a row, there has been an increase. That move happened when the volume was lower, as yesterday’s volume was down 36.09% from the previous day – and 20.3% from the same day the previous week. Ethereum has outperformed all 7 assets in the Top Cryptos asset class as of yesterday. Congratulations to its owners! Here is a daily price chart of Ethereum.

Technical analysis of Ethereum

The first thing we should note is that Ethereum is now close to its 100 day moving averages, which can act as a price barrier for the asset. Trend traders will want to find out that the strongest trend appears on the 14th day Horizon; During this period the price has increased. From a different angle, consider that the price of Ethereum has increased by 10 of the last 14 trading days.

Heard on Twitter

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

  • Out dabit3:

    Working on some initiatives to bring the next 1,000,000 developers into the Web3 and Ethereum ecosystem. Any learning material that comes out will be 100% free and funded by the protocols and DAOs in the ecosystem – courses, guides, videos, books, all for free.

  • Out CryptoMichNL:

    For me it is great that the market is heating up again. #Ethereum is up about 50% from the lows as smaller caps are waking up as well. However, I think we may be a little overwhelmed here, which means that we will correct in the near future and aim for a higher low. Seems reasonable.

  • Out AdrianoFeria:

    I’m not a #Ethereum Maxi, and I have nothing against Maxis, although I absolutely disagree with absolutist viewpoints. But the day $ ETH Maxis get as toxic as $ BTC Maxis, I’ll turn them on, and I would, I hope the ETH community would do the same.

Regarding news links for Ethereum, here is one to try:

Panic suddenly spreads among Bitcoin, Ethereum, BNB, XRP, and Dogecoin traders, even as the market soars to $ 1.7 trillion

We’ll Help You Understand the World of Bitcoin and Crypto Every Day Bitcoin price has increased around 20% in the last month after finding a floor below $ 30,000 per extensive experience in technology, finance, economics, and economics around the world.

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