Ethereum 4 Hour Price Update
Updated July 24, 2020 11:20 PM GMT (07:20 PM EST)
Ethereum is down 0.54% ($1.53) since the previous 4 hours, marking a reversal from the candle prior — and the end of a 3 four-hour candle positive run. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the previous 4 hours in terms of percentage price change.
Ethereum Daily Price Recap
Ethereum closed the previous day up 4.29% ($11.33); this denotes the 3rd day in a row an increase has occurred. As for how volume fared, yesterday’s volume was up 111.68% from the previous day (Wednesday), and up 174.82% from Thursday of the week before. On a relative basis, the previous day was pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂 The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
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. For another vantage point, consider that Ethereum’s price has gone down 17 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From BTC_JackSparrow:
At the end of the day my name is Ethereum Jack because I have been buying its cyclic bottom to make myself more Bitcoin and so far it has been exactly doing thatIf you’re a true #Bitcoin maximalist you don’t pass up on such opportunities
- From preston_vanloon:
Some BTC maximalists are making fun of ETH gas prices, but when you say the same thing about BTC blocks being full and fees going up, then they say that’s Satoshi’s vision to have full blocks.Is Ethereum fulfilling Satoshi’s vision better than bitcoin? 🧐
- From paddypisa:
@JaEsf @AFDudley0 @austingriffith @badcryptobitch @dannyryan @DZack23 @ercwl @gakonst @gluk64 @hasufl @haydenzadams @hudsonjameson @jadler0 @mhswende @musalbas @peter_szilagyi @_prestwich @samczsun @tayvano_ @VitalikButerin @wekabot tbh I mostly work on Ethereum now because it does everything I want. The eureka when I was designing an atomic swap protocol for gambling on a hard fork. It took me 3 months in Bitcoin to design (no impl) vs 1 day in Ethereum (with a working solidity contract).
As for a news story related to Ethereum getting some buzz:
The Cyber Republic ETH Task Force will deploy an ELA/USD decentralized price feed using Chainlink’s Price Reference Data framework as the basis for collateralization checks on users’ Collateralized Debt Positions (CDPs), thereby ensuring full stablecoin collateralization….Chainlink’s Price Reference Data model is designed for building decentralized oracle networks, and has been proven to provide users with reliable service and industry-leading security…. Beyond Elastos’ stablecoin, developers can use Chainlink Price Reference Data feeds to launch additional DeFi products on Elastos for lending and borrowing, synthetic assets, asset management, tokenization, and much more.