Ethereum (ETH) Down $5.77 in Last 4 Hours, 2 Day Down Streak Ended; in an Uptrend Over Past 90 Days

Ethereum 4 Hour Price Update

Updated September 23, 2020 11:19 PM GMT (07:19 PM EST)

Ethereum is down 1.76% ($5.77) since the last 4 hour candle, marking the 3rd straight candle it has gone down. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.

Ethereum Daily Price Recap

The choppiness in the recent daily price action of Ethereum continues; to start today, it came in at a price of 344.25 US dollars, up 1.19% ($4.06) since the day prior. This move happened on lower volume, as yesterday’s volume was down 43.71% from the day before — and down 13.31% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of price change relative to the day prior. Here is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For another vantage point, consider that Ethereum’s price has gone up 5 of the previous 10 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 zackvoell:

    So, a group of Ethereum influencers create an actual shitcoin in a private Telegram chat, and one literally says, “We need people to dump on.”Then they dump.And then he tweets “sorry, it was a joke”, and the whole community just says, “haha no worries bro! it’s DeFi!”HAHAHA

  • From mysticryuujin:

    1/ Why I won’t be staking ETH at launch, a thread…#Ethereum #eth2Like many of you, I am excited for ETH2, the Beacon Chain, Phase 0, and everything that will come after.I have participated in Onyx, Witti, Altona, and Medalla test networks.I tried Prysm and Lighthouse.

  • From YFBIT_Finance:

    ⌚ Pre-Sale is live only 1 day:
    1 ETH = 2 YFBT
    Ends when contribution = 200 ETH
    Send your Ethereum to our Presale address below:0x5F888FF76266493FF3701E6B97f1ed3D29b71543We’ll send YFBT after 24hours
    YFBT will be listed on Binance in Oct@cctip_io airdrop 0.01 ETH 900 #Defi

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

Preserving Ethereum – The Daily Gwei #79 – The Daily Gwei

The core developers are the people who are making sure the critical infrastructure such as the Ethereum node clients are running smoothly and without issue….Though, I believe this is because the eth2 development process is much more centralized and structured than eth1.x is right now.