Ethereum (ETH) Closes Last Hour Up $21.99; But Still in an Uptrend Over Past 90 Days, Crosses 50 Day Moving Average, Bearish Engulfing Pattern Present

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The Hourly View for ETH Last Updated February 26, 2021, 02:047 GMT At the time of this writing, ETH’s price is up $21.99 (1.49%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as ETH has now gone down 12 of the past 14 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the…

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