Ethereum 4 Hour Price Update
Updated March 28, 2020 05:35 AM GMT (01:35 AM EST)
Ethereum closed the previous 4 hours down 2.05% ($2.7); this denotes the 2nd candle in a row a decline has happened. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during the previous 4 hours.
Ethereum Daily Price Recap
131.51 (USD) was the opening price of the day for Ethereum, resulting in the previous day being one in which price moved down 5.37% ($7.46) from the previous day. The price move occurred on volume that was up 4.78% from the day prior, but down 75.79% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the previous day in terms of percentage price change. Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 7 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From RyanSAdams:
ATM out of money?They limiting your withdrawals?Makes you wonder if your money in the bank really existsYou can always withdraw money from an Ethereum address#bankless
- From RyanSAdams:
Oracle + SoV + Token = any synthetic imaginableThree money legos to replicate any asset in financeWithout a bankYeah, Ethereum’s a big deal
- From spencernoon:
Just donated on @gitcoin grants to some of my favorite #Ethereum community members who consistently add value to the ecosystem:- @ethhub_io
For a longer news piece related to ETH that’s been generating discussion, check out:
Specifically, eth2 implements many shard chains, where each shard has similar capabilities to the eth1 chain….At any one time, each validator is a member of exactly one beacon chain and one shard chain committee, and is called on to make an attestation exactly once per epoch – where an attestation is a vote for a beacon chain block that has been proposed for a slot….This is possible since, instead of having to check votes and signatures for beacon blocks and shard blocks separately, nodes need only do the math on attestations to be informed about the state of the beacon chain and of every shard chain….For a node to validate the beacon chain and all of the shard chains, it only needs to look at the aggregated attestations from each of the committees.