Ethereum (ETH) Up $9.57 On 4 Hour Chart, Underperforms All Top Cryptos to Start the Day; Entered Today Down For the 2nd Day In A Row

Ethereum 4 Hour Price Update

Updated August 08, 2020 11:18 AM GMT (07:18 AM EST)

Ethereum closed the previous 4 hours up 2.51% ($9.57); this denotes the 2nd candle in a row it has gone up. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours. Congrats to its holders!

Ethereum Daily Price Recap

Ethereum came into today down 3.92% ($15.5) from the open of yesterday, marking the 2nd day in a row a decrease has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 59.66% from the day prior, and up 13.99% 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. Below is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ethereum’s price has gone up 10 of the previous 14 trading 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 VitalikButerin:

    @Narodism @musalbas @MPtherealMVP @NickSzabo4 So you dislike the aesthetics of some people in the ethereum community (btw I’ve never done a burner party, LSD or a sex orgy) therefore ethereum has lost the plot? If I wanted to I could make similar caricatures about the whole “rah rah I’m manly because I eat steak” thing.

  • From ercwl:

    I follow a lot of Bitcoin accounts and a lot of Ethereum accounts. I’m noticing that currently Ethereum accounts are a bit “stronger” than Bitcoin accounts. More articulate, more well-versed with the other side’s arguments, better at making the other side seem less knowledgeable.

  • From worthalter:

    My @discord account was suspended this morning because I sent too many private messages to people that wanted their @poapxyz šŸŽ– to recall the @ethereum medalla testnet launch. Please help me making this visible to the discord support team so they know Iā€™m no spammer šŸ™šŸ»