Ethereum (ETH) Down $1.22 On 4 Hour Chart, Started Today Down 0.39%; in an Uptrend Over Past 30 Days

Ethereum 4 Hour Price Update

Updated May 09, 2020 11:18 PM GMT (07:18 PM EST)

Ethereum closed the last 4 hour candle down 0.57% ($1.22); this denotes the 2nd candle in a row a decline has happened. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle. Congrats to its holders!

Ethereum Daily Price Recap

Ethereum entered today at 211.54 in US dollars, down 0.39% ($0.83) from the previous day. The price move occurred on volume that was down 38.44% from the day prior, but up 3.47% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the day in terms of price change relative to the previous day. The daily price chart of Ethereum below illustrates.

Ethereum Technical Analysis

Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 6 out of the past 10 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

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 econoar:

    The crypto space is sleeping on eth2. “It will never ship!” is the common theme.Meanwhile, in Ethereum circles I’m in the conversation is all about people buying staking hardware, joining the testnet and preparing for launch. This is going to be fun.

  • From safetyth1rd:

    .@VitalikButerin founded Bitcoin Magazine.I think this fact is important for both Bitcoiners and Etherians to digest. The core values that drive #Ethereum and #Bitcoin are not all that different — and the end goals are the same.

  • From ChainlinkV:

    The Chainlink external initiator Github repository has just been made public, and this allows users to initiate job runs from external blockchains. For instance, from the Tezos blockchain, you could ask a Chainlink node running on Ethereum to give you the ETH/USD price.

In terms of news links for Ethereum here’s one to try:

Celer Launches Orion Mainnet Upgrade: Ready for Large-scale Node Expansion on Ethereum Layer-2 – Celer Network

To be the first to join the growing Ethereum layer-2 scaling network, you can simply go through these four steps: If a node operator chooses to report your node status to the state channel network explorer, you will see that node popping up in Celer Network Explorer….OSPs as state channel routers periodically broadcast route updates (info of connection and off-chain balance with peers) to the network….Clients have the option to sync state channel state with OSP.