Ethereum (ETH) Down $30.53 in Last 4 Hours; Moves Up For the 4th Day In A Row

Ethereum 4 Hour Price Update

Updated August 02, 2020 07:18 AM GMT (03:18 AM EST)

The end of a 8 four-hour candle positive run has come for Ethereum, which finished the previous 4 hours down 7.49% ($30.53). Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the previous 4 hours in terms of percentage price change.

Ethereum Daily Price Recap

Ethereum closed the day prior up 11.71% ($40.6); this denotes the 4th day in a row it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 57.62% from the day prior, and up 50.92% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 12 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From ljxie:

    I don’t normally post about crypto prices but it makes me really happy to see this ETH rally. The Ethereum community went through a lot of criticism but stayed convicted & focused on building. There’s still a lot more to go but price does bring in more interest from devs & users.

  • From JohnLilic:

    As we rip up back towards a ~$40bb market cap, #Ethereum still remains grossly UNDERVALUED. This thing should be worth no less than $500bb. No amount of new BTC UASF baseball caps or Dan Held plastic boxes changes this fact.$5k #ETH will happen sooner than haters realizes.

  • From TobiasFancee:

    Here’s something that no one is talking about:#Cardano just beat #Ethereum to proof of stake.After multi-asset and smart contracts (coming out this year), Cardano will be the most capable #cryptocurrency in this industry! ETH fanboys will be waiting years for 2.0 to come out.

For a longer news piece related to ETH that’s been generating discussion, check out:

Five Years In, DeFi Now Defines Ethereum – CoinDesk

And I did something even more radical: I began testing and using the damn products! 
See also: Why DeFi on Ethereum Is Like Algorithmic Trading in the ‘90s
I needed to see my investment make money to realize the power of these DeFi applications….What stood in the way of DeFi mass adoption was better storytelling and more visual demonstration of how DeFi can work for anyone It had long been a talking point in crypto the user experience (UX) had to improve for Ethereum to see adoption, but I found those same people espousing such criticisms often had zero experience with DeFi applications….It seemed like a lie that had stuck around long enough to become a truth, even though I was finding some DeFi UX better than my experience with legacy banking. 
For me, what stood in the way of DeFi mass adoption was better storytelling and more visual demonstration of how DeFi can work for anyone….If ETH is money, DeFi is your bank. 
What started as a concept is now an economy of interlinked applications with more than $4 billion in value invested….DeFi has changed the way people think about Ethereum itself and given rise to new narratives and memes….The story of DeFi and Ethereum is just getting started.