Ethereum 4 Hour Price Update
Updated May 09, 2020 01:34 AM GMT (09:34 PM EST)
Ethereum entered the current 4 hour candle at 212.3 in US dollars, down 0.42% ($0.9) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the previous 4 hours in terms of percentage price change.
Ethereum Daily Price Recap
211.54 (USD) was the opening price of the day for Ethereum, resulting in the day prior being one in which price moved down 0.39% ($0.83) from the day prior. The price move occurred on volume that was down 38.44% from the day prior, but up 3.47% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 4th since the day prior in terms of percentage price change. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 16 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.