Ethereum (ETH) Down $1.29 On 4 Hour Chart, Started Today Up 0.78%; in a Downtrend Over Past 14 Days

Ethereum 4 Hour Price Update

Updated March 16, 2020 05:35 AM GMT (12:35 AM EST)

Ethereum is down 1.04% ($1.29) since the last 4 hour candle, marking the 4th candle in a row it has gone down. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the last 4 hour candle in terms of percentage price change.

Ethereum Daily Price Recap

123.53 (USD) was the opening price of the day for Ethereum, resulting in the previous day being one in which price moved up 0.78% ($0.95) from the previous day. The change in price came along side change in volume that was up 35.75% from previous day, but down 35.56% from the Sunday of last week. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during the previous day. Let’s take a look at the daily price chart of Ethereum.

Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone down 6 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From MarcoRoblesGoku:

    If you dig deep enough into Chainlink, you’ll find its origins are from before Ethereum. Dig deeper, and you’ll find the idea originated before smart contracts.Dig even deeper, and you’ll find Chainlink was conceptualized the week of BTC’s creation, in 2008.Hold.

  • From Miwa6969Miwa:

    Next follow me @Miwa6969Miwa for Airdrops ETHEREUM@cctip_io airdrop 93.333333333333333333 PIXBY 93

  • From pete_rizzo_:

    About @ethereum…-I’ve been bearish on $ETH (of late)-Still not confident in the direction (competing against $BTC as a store of value)-But… I just purchased 32 ETH (min required for staking)Lesson: I guess I’ve been in this space long enough to bet against myself 😉

As for a news story related to Ethereum getting some buzz:

Thursday’s Market Madness Strained Ethereum’s Killer App: DeFi – CoinDesk

Oracles could not send accurate price data and traders could not execute trades without paying horrendous fees to record transactions onto the blockchain….Several of Chainlink’s 21 oracles were down during prime trading hours, according to bZx co-founder and CEO Tom Bean.  Stani Kulechov, founder and CEO of DeFi platform Aave, said he saw a Maker oracle throw a “20 percent price deviation” between the actual market price and Maker’s generated feed….Both DeFi platforms changed their fee structures (including dYdX multiple times) to execute a slew of backlogged trades Thursday and early Friday.  “The network condition is affecting everyone,” Aave’s Kulechov said.