ETHW Price Analysis

Market Overview

A closer look at EthereumPoW’s market fundamentals reveals a project with dynamic participation and evolving sentiment. With a circulating supply of 107818717.04993, ETHW’s market capitalization is currently valued at $175.03M, securing it a notable presence among altcoins. Trading activity has experienced recent intensity, as evidenced by volumes around $13.48M, with the 24-hour average volume at $47.36K, highlighting substantial market engagement. Market sentiment, presently reflected by a Fear & Greed Index value of 60, leans towards 'Greed,' hinting at increased trader optimism, although such levels can also precede corrections. The coin’s daily price shift of -4.60%, coupled with a zero-day movement for the week, illustrates a potentially pivotal phase, ripe for renewed accumulation or strategic repositioning by market participants.

Technical Analysis

EthereumPoW (ETHW) is currently demonstrating a nuanced technical outlook, with its short-term trend signaling a noticeable shift. The 7-day simple moving average is trending upward, suggesting that near-term price momentum is gaining strength. In contrast, longer-term simple moving averages, including those at 30, 90, and 200 days, are all pointing downwards, highlighting lingering bearish sentiment over the medium to long term. Volatility over the past 24 hours remains marked at 0.28%, reflecting a somewhat turbulent environment for traders. The asset saw movement in the past 24 hours, as captured by the -4.60%, forming a mixed momentum picture. Notably, average hourly trading volumes stand at $1.97K, underlining intermittent bursts of activity. The overall technical pattern signals that while ETHW is showing some promising short-term signs, broader caution is still warranted given the dominant long-term trends.