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ETH Is In A Downtrend; SHIB And DOGE Saw Minute Price Changes

By April 25, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $27,416.07, with an almost 0.16% increase in the last hour. There was a decrease of 1.06% in its price in the last 24 hours. The 7-day Bitcoin was down by 6.95%.

Ethereum (ETH) is currently trading at $1,835.05, with an almost 0.02% decrease in the last hour. There has been a 1.57% decrease in its price in the last 24 hours. The 7-day ETH has been down by 11.83%.

The Exponential Moving Average for 10-days and 200-days indicates a combination of “Sell” and “Buy” at 28189 and 24031, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicates a “Sell” and “Buy” at 28479 and 21508, respectively. Both moving averages strongly show a mixture of “Sell” and “Buy” markets.

The Ichimoku Base Line, valued at 29008, remains neutral, whereas the Hull Moving Average indicates a “Buy” signal at 27103. The Volume Weighted Moving Average at 29088 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 43, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 12 and 29, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 14 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 7 with a “Neutral” indicator, while the Williams Percent Range (14) at −90 signals “Neutral.”

As of 9:30 AM, 25th April 2023, on WazirX, Bitcoin’s current price is ₹24,81,887, with an almost 0.14% decrease in the last hour. There was a 0.29% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.48%.

Ethereum (ETH) is trading at ₹1,63,356.8, with a decrease of 3.79% in the last hour. There was a decrease of 3.03% in the last 24 hours. The 7-day ETH is down by 3.59%.

The top gainers on WazirX include IDEX (IDEX), Floki (FLOKI), and Frontier (FRONT), with a price increase of 57.88%, 42.22%, and 4.55%, respectively.

However, the tokens that underperformed comprised Celer Network (CELR), PancakeSwap (CAKE), and OmiseGO (OMG), with a price decrease of 14.21%, 11.63%, and 7.91%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.1% and is now priced at ₹0.000926. Dogecoin (DOGE) saw an increase of 0.07% and is now priced at ₹7.1102.

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
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