Ethereum (ETH) Up $2.37 in Last 4 Hours, Outperforms All Top Cryptos to Start the Day; Entered Today Up For the 2nd Day In A Row

Ethereum 4 Hour Price Update

Updated August 05, 2020 07:22 AM GMT (03:22 AM EST)

Ethereum entered the current 4 hour candle at $391.64, up 0.61% ($2.37) from the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Ethereum Daily Price Recap

Ethereum closed the day prior up 0.96% ($3.69); this denotes the 2nd day in a row an upward move has occurred. As for how volume fared, yesterday’s volume was up 3.61% from the previous day (Monday), and up 32.39% from Tuesday of the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the day prior. Congrats to its holders! Here is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

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 kaiynne:

    Ethereum is going to rip your face off, it’s just going to happen. Start coming to terms with it now. No matter how much eth you have, you will have deep regrets. The only saving grace is that facial reconstructions will cost like .1 eth in the future.

  • From chainlink:

    Join @hughkarp founder of @NexusMutual, as he explores a people-powered alternative to insurance at #SmartCon. Nexus Mutual is using #Chainlink live on Ethereum mainnet to bring transparent and accurate on-chain valuations to its multi-currency capital pool.

  • From Nicholas_Merten:

    @VitalikButerin as someone who’s built an Ethereum smart wallet, I wanted to ask you 2 things:1. What’s the most immediate solution ETH could implement to lower network fees on-chain?2. What’s the best tech we could implement to play our part in reducing gas consumption?

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

Coca-Cola’s bottlers are testing out DeFi on Ethereum – Decrypt

Menu Reading Search About North America’s Coca-Cola bottling supply chain will soon have access to DeFi tools and tokens….For CONA’s network, expanding to Ethereum’s mainnet also enables a key feature: the use of tokens which allow parties to access blockchain-based tools such as loans via DeFi applications.