Ethereum (ETH) Up $2.12 Over Past 4 Hours, Entered Today Up 3.81%; in an Uptrend Over Past 14 Days

Ethereum 4 Hour Price Update

Updated August 04, 2020 07:20 AM GMT (03:20 AM EST)

Ethereum closed the previous 4 hours up 0.54% ($2.12); this denotes the 2nd candle in a row an increase has occurred. On a relative basis, the previous 4 hours were pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂

Ethereum Daily Price Recap

The back and forth price flow continues for Ethereum, which started today off at 386.1 US dollars, up 3.81% ($14.17) from the previous day. This move happened on lower volume, as yesterday’s volume was down 47.44% from the day before — and down 31.12% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the previous day in terms of percentage price change. Below 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 another vantage point, consider that Ethereum’s price has gone up 12 of the previous 14 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ethereum:

  • From RAC:

    As a fan of open source software since I started running slackware linux at age 14, I’m so happy to see the network effects of ethereum unfold before my eyes. All these projects building on top of each other. I can barely keep up. Open source + value exchange = 🔥

  • From Cardanians_io:

    @IOHK_Charles The author of the article forgot to mention that Ethereum 2.0 will not be probably ready in 2020 and smart contracts will not be part of phase 1. Cardano can be the first scalable PoS network with smart contracts and it could be like that a few years.

  • From CryptoNekoZ:

    So in the past 24 hours:$BTC dropped from 12136 to 10542 and is at 11148$ETH dropped from 414 to 325 and is at 382What makes you think this is a bear market again? And what makes you think that bitcoin won’t follow back with recovery like ethereum did?

As for a news story related to Ethereum getting some buzz:

Ethereum Scaling is Here – The Daily Gwei #42 – The Daily Gwei

On June 19th Reddit announced that they were having a “Scaling Bake-Off” by inviting Ethereum scaling projects to show how their solutions could bring Reddit’s Community Points system to mainnet….You can view all of the submissions here.