Ethereum 4 Hour Price Update
Updated September 17, 2020 11:19 PM GMT (07:19 PM EST)
Ethereum came into the current 4 hour candle up 0.08% ($0.31) from the open of the last 4 hour candle, marking the 2nd candle in a row an increase has occurred. 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
365.19 (USD) was the opening price of the day for Ethereum, resulting in yesterday being one in which price moved up 0.27% ($1) from yesterday. This move happened on lower volume, as yesterday’s volume was down 15.9% from the day before — and down 32.27% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of price change relative to yesterday. Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
Notably, Ethereum is now close to its 20 day moving averages, which may act as price barrier for the asset. 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. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For another vantage point, consider that Ethereum’s price has gone up 7 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:
- From sassal0x:
I love the new trend of CEXs listing new DeFi tokens on day 1 because they are scared of losing a massive amount of volume to DEXs if they wait even a few days.I’d really hate to be one of those people who think that DeFi on Ethereum is a joke.
- From MerschMax_:
We’re at the dawn of the Ownership Economy:@UniswapProtocol – a 2 year old automated market maker on Ethereum – launched their $UNI token today.They distributed 150m $UNI to their early users. At $3/UNI, that’s currently $450m airdropped to their most loyal userbase. 1/5
- From maticnetwork:
1/ Congratulations to @haydenzadams & the @UniswapProtocol team on the successful launch of $UNI token!👏This is a significant moment for Uniswap, but also a time to address the issue of rising gas fees & how Matic can help Ethereum scale to ensure a bright future for #DeFi.
In terms of news links for Ethereum here’s one to try:
News > IGGalaxy Migrating from TRON to Matic Network, Ethereum’s Layer 2 Scaling Solution IGNews Yesterday, Cointelegraph shared a tweet to an article that provided somewhat of an insight into what is a significant development for IGGalaxy….In this article, we will provide an insight into our migration from TRON to the Matic Network, and why Matic will be the new home of IGGalaxy….Through the innovative application of blockchain technology within our social competitive gaming platform, we are developing an incentivised token economy that serves to reward participants for the time and value they add to IGGalaxy….Furthermore, when users participate in IGGalaxy, interacting with cryptocurrencies and blockchain technology for the first time, user experience is imperative….We believe Matic will provide our growing user base with a far superior experience in IGGalaxy, particularly as the network matures….Matic’s Interoperability For IGGalaxy, migrating and evolving our core blockchain architecture on Matic provides a number of benefits.