Ethereum (ETH) Up $7.14 On 4 Hour Chart, Outperforms All Top Cryptos to Start the Day; Entered Today Up 4.82%

Ethereum 4 Hour Price Update

Updated September 11, 2020 03:19 PM GMT (11:19 AM EST)

Ethereum came into the current 4 hour candle up 1.97% ($7.14) from the open of the previous 4 hours, marking the 3rd straight candle 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 closed the previous day up 4.82% ($16.94); this denotes the 2nd day in a row it has gone up. The price move occurred on volume that was up 30.55% from the day prior, but down 47.54% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the previous day. Here is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

Notably, Ethereum is now close to its 50 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 14 and 30 day timeframes, where price is headed down. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For additional context, note that price has gone up 6 out of the past 10 days.

Overheard on Twitter

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

  • From peter_szilagyi:

    Spent a couple of days playing with @Filecoin. Holy shit, I don’t envy you guys for the next 5 years. It’s insane in complexity compared to #Ethereum. Has amazing promise, but holy hell is it rough. I’m nonetheless rooting for you, it would be amazing if it takes off!

  • From QwQiao:

    Having played around with synthetic BTCs I’ve come to the conclusion that having BTC on Ethereum is incredibly bullish for BTC long term. It allows BTC to interact in a *highly programmatic* way as a reserve currency with other financial apps. It brings more liveliness to BTC.

  • From JamesSpediacci:

    *Uniswap finally makes using a DEX on Ethereum an enjoyable experience and a triumph for decentralization*SBF, Band CTO, CZ, and probably Justin Sun:
    “Let’s collude to destroy it and make a centralized version so we make more money hehehe”SBF fanboys: “he’s such a genius <3”

In terms of news links for Ethereum here’s one to try:

Acala Unveils Smart Contracts and Ethereum Compatibility for Polkadot DeFi | by Dan Reecer | Acala Network | Sep, 2020 | Medium

Kusama, similar to Polkadot, is a Layer-0 cross-chain infrastructure chain with a core Relay Chain that provides security and interoperability….Developers have the same options with Kusama as they do with Polkadot, with a few caveats: In the next sect we will explore different ways to deploy on Acala parachain….While Solidity and EVM-compatible contracts can be deployed and run on Substrate-based chains like Acala, much of the tooling is still being developed so that it’s compatible with existing development tools such as Truffle and Remix etc.