Ethereum 4 Hour Price Update
Updated September 16, 2020 11:19 PM GMT (07:19 PM EST)
The back and forth price flow continues for Ethereum, which started the current 4 hour candle off at 367.36 US dollars, up 0.56% ($2.06) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the previous 4 hours in terms of percentage price change.
Ethereum Daily Price Recap
The back and forth price flow continues for Ethereum, which started today off at 364.19 US dollars, down 3.46% ($13.05) from yesterday. This move happened on lower volume, as yesterday’s volume was down 12.06% from the day before — and down 31.23% from the same day the week before. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during yesterday. Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For another vantage point, consider that Ethereum’s price has gone up 8 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From DaveLevine0com:
If @UniswapProtocol is bigger than @coinbase and Coinbase is worth $8 billion; then how much is ETH worth? Uniswap is just one of thousands of dapps on Ethereum. ETH is used to secure the network and pay for transactions. Ethereum is at least 10x more valuable than Coinbase.
- From vajolleratzii:
Instead of buying a Porsche I’m just going buy #Ethereum on this next dip $100k now is over $1m a year from now I haven’t had a car yet so I’m sure I’ll do just fine. Stack those sats Brothers and Sisters💰🚀
- From crypt0snews:
Low risk = Buy Bitcoin & EthereumMedium Risk = Buy “xyz” DeFi Governance TokenHigh Risk = “Farm” today’s most popular food token, for yield Insane Risk = Take out a bank loan to buy tokens to stake, hoping that the 1000% APY holds up long enough for you to pay-off the loan.
In terms of news links for Ethereum here’s one to try:
Payments giant VISA made public its efforts to incorporate cryptocurrencies such as Bitcoin (BTC) into its payments network….The payment company said it has been working with regulated entities, including Coinbase and Fold, to create a bridge between digital currencies and its payment network….Visa says: Through these efforts, Visa has become the preferred network for digital currency wallets, which are eager to deepen their value to users by making it quicker and easier to spend digital currency worldwide….Another step that Visa highlighted as an important part of its expansion into crypto payments involves an investment to Anchorage.