Ethereum 4 Hour Price Update
Updated May 24, 2020 07:18 PM GMT (03:18 PM EST)
Ethereum came into the current 4 hour candle down 1.26% ($2.6) from the open of the last 4 hour candle, marking the 3rd candle in a row a decrease has occurred. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 4th since the last 4 hour candle in terms of percentage price change.
Ethereum Daily Price Recap
The back and forth price flow continues for Ethereum, which started today off at 206.7 US dollars, down 0.28% ($0.58) from yesterday. This move happened on lower volume, as yesterday’s volume was down 46.58% from the day before — and down 26.12% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since yesterday in terms of percentage price change. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Notably, Ethereum is now close to its 20 day averages, located at 203.31 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ethereum’s price has gone up 5 of the previous 10 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
Overheard on Twitter
Over on Twitter, here were the top tweets about 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 EmperorBTC:
High leverage for long term holdings is never a good idea.
You might thing that the liquidation point is too low and can’t be hit, but it can.
This is Crypto. Remember. Bitcoin was at 20K. We fell to 3K. No one could predict that.
Ethereum dropped from 1400 to 90.
In terms of news links for Ethereum here’s one to try:
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.