Ethereum 4 Hour Price Update
Updated July 25, 2020 01:36 AM GMT (09:36 PM EST)
The end of a 3 four-hour candle positive run has come for Ethereum, which finished the last 4 hour candle down 0.54% ($1.53). 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
Ethereum closed the day prior up 1.43% ($3.95); this denotes the 4th day in a row an upward move has occurred. The price move occurred on volume that was down 24.97% from the day prior, but up 300.11% from the same day the week before. On a relative basis, the day prior was pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂 Here is a 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 up. For additional context, note that price has gone up 6 out of the past 10 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 Cardanians_io:
@TheCryptoLark People would like to experiment with DeFi but high fees prevent it. It is not a good thing. Cardano will be ready to enter into DeFi at the end of 2020. The ERC-20 converter will enable migration from Ethereum to Cardano. People will use both platforms and the traffic will split.
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.