Ethereum (ETH) Price Near $463.29; 2 Day Up Streak Ended, in an Uptrend Over Past 30 Days, Pin Bar Pattern Appearing on Chart

By November 12, 2020Ethereum
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The Hourly View for ETH

Last Updated November 13, 2020, 02:037 GMT

At the moment, ETH’s price is down $-2.13 (-0.46%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 50 hour changed directions on ETH; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Ethereum Daily Price Recap

Ethereum entered today at $462.78, down 0.24% ($1.13) from yesterday. The change in price came along side change in volume that was down 18.2% from previous day, but up 83.39% from the Thursday of last week. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 5th since yesterday in terms of percentage price change. The daily price chart of Ethereum below illustrates.


Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 16 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From CaitlinLong_:

    As #Ethereum works thru its #hardfork, worth asking these ?s abt your exchange/custodian:
    * if it no longer supports the old chain, can it just break its contract w/ you?
    * can it keep the forked coins or must it give them to you?
    #Wyoming law has consumer protections for this!

  • From AlexSaundersAU:

    @RaoulGMI There’s a surprising large amount of people who believe they are smarter than the surprisingly large amount of smart people building on Ethereum. One group spend their days building bleeding edge technology. The other spend their days waging important wars from their keyboard.

  • From peter_szilagyi:

    Tomorrow (12th Nov) Google will publish a security release (CVE-2020-28362) for #golang, in the form of Go v1.15.5 and v1.14.12.This is a critical release for #Ethereum! We will push a new Geth release with it, but if you use an older version, you’ll need to rebuild yourself!

Last Updated November 13, 2020, 02:037 GMT

At the moment, ETH’s price is down $-2.13 (-0.46%) from the hour prior. This is a reversal […]

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