Ethereum (ETH) Down $2.88 in Last 4 Hours, Outperforms All Top Cryptos to Start the Day; Moves Up For the 2nd Day In A Row

Ethereum 4 Hour Price Update

Updated July 31, 2020 03:19 AM GMT (11:19 PM EST)

The end of a 3 four-hour candle positive run has come for Ethereum, which finished the previous 4 hours down 0.86% ($2.88). Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.

Ethereum Daily Price Recap

Ethereum is up 5.34% ($16.98) since the day prior, marking the 2nd day in a row an upward move has occurred. The change in price came along side change in volume that was up 10.68% from previous day, but down 23.1% from the Thursday of last week. On a relative basis, the day prior was pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂 The daily price chart of Ethereum below illustrates.

ETH

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 up. For additional context, note that price has gone up 17 out of the past 30 days.

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 ethereumJoseph:

    Happy 5 years to the #Ethereum Mainnet. I got involved with the @Ethereum project early on because it was the clearest path I had seen toward re-architecting and rebuilding our increasingly strained global systems. I still feel that way today in 2020. #EthTurns5

  • From TrustlessState:

    You mean it’s all #Ethereum? ⟠ ⟠ ⟠ ⟠
    ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠
    ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ ⟠ 🔫👩‍🚀always has been

  • From IslandHunting:

    This month I have:- Bought an S&P 500 option
    – Earned interest at 750%
    – Borrowed money for free
    – Made markets
    – Provided liquidity
    – Traded on margin
    – Made a USD business loan payment
    – Joined a new farming DAO community
    – And much more!All on Ethereum, only on Ethereum

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

Ripple CTO Says Lack of Smart Contracts Is Good for XRPL but Admits Ethereum Was Wildly Successful

Smart contracts, Schwartz stated, make a platform worse for conducting payments….Schwartz pointed to certain limitations that restrict the work of smart contracts on Ethereum or make it more complex.