Ethereum (ETH) Closes Prior Hour Up 0.38%; Heads Up For the 2nd Straight Day

By October 22, 2020DApps
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The Hourly View for ETH

Last Updated October 23, 2020, 01:037 GMT

At the moment, ETH’s price is up $1.58 (0.38%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Ethereum Daily Price Recap

Ethereum came into today up 5.89% ($23.04) from the open of the previous day, marking the 2nd straight day an upward move has occurred. The price move occurred on volume that was down 17.94% from the day prior, but up 153.37% from the same day the week before. Ethereum outperformed all 7 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! Here is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 19 them.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:

  • From Immutable:

    Today we’re announcing that Immutable X, our ZK rollup engine for minting and exchanging NFTs on Ethereum, will be available to all developers worldwide. This is the most significant announcement in our company’s history, as we run with this industry into a new era.
    (tweet 1/6)

  • From zhusu:

    my mental model for $BTC is ppl will want to1) keep in cold storage 2) trade tax-efficient derivs 3) use in DeFi, whether Ethereum or Polkadot 4) earn yield, via trusted co like BlockFiAs fun and rewarding as 2-4 are, 1 is the real explosive use case that enables all others

  • From zhusu:

    thoughts on ethereum:
    1) love it, donate to gitcoin, use apps, back defi projects. have owned hundreds of thousands of ether
    2) trade it v usd, v btc
    3) shilled everyone eth on the way up from .017 during the bear mkt, when nobody on CT was bullishthink btc is underowned now

For a longer news piece related to ETH that’s been generating discussion, check out:

We are excited to announce that Chainlink VRF (Verifiable Random Function) is now live on the Ethereum mainnet, generating a highly secure and provably fair source of on-chain randomness for blockchain applications….If you are a new or existing smart contract developer and want to build with Chainlink VRF, check out our documentation to deploy a testnet contract in Remix or integrate Chainlink VRF into your dApp on mainnet.

Last Updated October 23, 2020, 01:037 GMT

At the moment, ETH’s price is up $1.58 (0.38%) from the hour prior. This move is a […]

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