Ethereum 4 Hour Price Update
Updated September 14, 2020 11:19 PM GMT (07:19 PM EST)
Ethereum is down 0.55% ($2.06) since the last 4 hour candle, marking the 2nd consecutive candle it has gone down. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ethereum Daily Price Recap
The end of a 4 day positive run has come for Ethereum, which finished the day prior down 5.56% ($21.55). The change in price came along side change in volume that was up 42.91% from previous day, but down 48.14% from the Sunday of last week. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the day prior. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Notably, Ethereum crossed below its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For another vantage point, consider that Ethereum’s price has gone up 17 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From MagnusVollen:
1. Do you pick a certain 10x ( $ETH )2. Or an uncertain 100x thats likely to go to $0? (Random trash coin)Ethereum will change a lot of peoples lives 📈
Follow & Retweet for Giveaway🤝
@cctip_io airdrop 0.0111111111 ETH 9999 #bitcoin #crypto #ethereum
- From PaulRBerg:
Sum-up of a convo I had with my bank today:Bank: “What is your usual source of income, Mr. Berg?”Me: “Software engineering. I’m paid in stablecoins – digital dollars that exist on the Ethereum blockchain.”Bank: “If I am right your main source of income is betting/ gambling”
- From HeyTaiZen:
I want everyone to know it’s ok to tell ur friends & colleagues to buy altcoins instead of BTC!In the past we had to buy BTC 1st to buy any altcoins. Now we can buy most major altcoins directly with fiat.I’d start with @ethereum @Cardano & $XTZ so we can @tezos till we Bezos!
For a longer news piece related to ETH that’s been generating discussion, check out:
The Perception Problem With Public Blockchains Corporates have not materially adopted public blockchain networks in large numbers and that is becoming an issue for the credibility of the technology….Wolpert goes on to explain that far from being a shared repository of corporate data, blockchains are far better suited to the role of enabling corporates to synchronize their own privately held corporate records with trusted participants but in a way where neither the corporate data leaves the safety of their corporate systems, nor can an outsider be able to ascertain that they have a relationship with these other parties….The Baseline protocol, according to Wolpert, is about ensuring that corporate data stores, whether they be ERP systems or other systems of records, remain being used for what they are meant for; keeping sensitive corporate data orderly and safe, while using a public blockchain network to augment what these systems are bad at; providing an assurance that every organization involved in a business transaction will be operating on the same set of information but without divulging anything about that data….Chainlink Integration Opens New Business Opportunities Whereas Baseline’s role is one of ensuring that data in secure stores within organizations remain synchronized, Chainlink — a decentralized data oracle provider that today announced their integration with the protocol — enables data to be incorporated from outside sources in a way that is verifiable….Using Chainlink And Baseline To Incorporate Weather Data To Power Business Transactions Echoing Wolpert’s theme of using technology for the job that it is best at, Sergey Nazarov, Co-Founder of Chainlink, explains how Chainlink provides Baseline users with a powerful tool for sourcing data”while Baseline excels at using blockchains as a shared system of record across multiple enterprise databases, Chainlink excels at making sure that those shared records are properly connected to all of the additional systems, including data and payment methods they need to do something truly useful.” Chainlink’s tie up with the Baseline protocol is one of a number of recent announcements which have sought to demonstrate that the protocol has a broader applicability than decentralized finance, which is the area that the protocol is based known for….There is no doubt that both protocols and their respective backers, who themselves can count large Fortune 500 corporates as their clients, are making strides in reversing the perception that public networks are unsuitable for enterprise users and both Baseline and Chainlink are clearly providing the tools necessary to address the security and privacy concerns of would-be corporate adopters.