Ethereum (ETH) Down $0.69 in Last 4 Hours, Outperforms All Top Cryptos to Start the Day; Price Base in Formation Over Past 90 Days

Ethereum 4 Hour Price Update

Updated May 23, 2020 07:18 PM GMT (03:18 PM EST)

207.17 (USD) was the opening price of the four-hour candle for Ethereum, resulting in the last 4 hour candle being one in which price moved down 0.33% ($0.69) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the last 4 hour candle in terms of percentage price change.

Ethereum Daily Price Recap

The end of a 3 day negative run has come for Ethereum, which finished the day prior up 4.39% ($8.72). This move happened on lower volume, as yesterday’s volume was down 28.66% from the day before — and down 7.61% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the day prior. The daily price chart of Ethereum below illustrates.

Ethereum Technical Analysis

Notably, Ethereum crossed above its 20 day moving average yesterday. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 6 out of the past 10 days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From ted_livingston:

    @VitalikButerin @udiWertheimer Ethereum was best to get Kin started but maxed out quickly. Stellar got Kin scaling but couldn’t take us all the way. Solana looks Iike it can take Kin to the next level but we will see. We are happy to be misunderstood as long as it takes. Meanwhile Kin keeps growing and growing

  • From BlockchainDan:

    @VitalikButerin @champak747 @SatoZILnakamoto @IOHK_Charles @zilliqa How is @syscoin constantly ignored when it has a mainnet implemented fully trustless bridge w ETH allowing ERC20 cross chain portability through a standardized smart contract spec. This exists and is already deployed on your very own Rinkeby testnet and Ethereum mainnet.#confused

  • From BenDiFrancesco:

    Very good chance this is purely coincidental, or more of a function of me being stuck home and online a lot more, but it sure *feels* like the pace of development in the Ethereum ecosystem has accelerated since the pandemic started. Just me?

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

What is Ethereum? | Ledger

These allow the Ethereum blockchain to run an entire ecosystem on its blockchain while also hosting its own native currency: Ether (ETH)….This is important for security reasons.  One way that smart contracts are used is by supporting other crypto assets on the Ethereum blockchain….Cryptocurrencies that don’t have their own dedicated blockchain, but use the blockchain of another crypto asset are known as tokens….There are currently more than 200,000 ERC tokens, which means that there is a huge cryptocurrency ecosystem running on a single blockchain….All of these different crypto assets are manageable through a single Ethereum address.