Ethereum (ETH) Down $1.91 On 4 Hour Chart, Underperforms All Top Cryptos to Start the Day; But Still in an Uptrend Over Past 30 Days

Ethereum 4 Hour Price Update

Updated August 07, 2020 07:19 AM GMT (03:19 AM EST)

Ethereum entered the current 4 hour candle at $393.75, down 0.48% ($1.91) from the previous 4 hours. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous 4 hours.

Ethereum Daily Price Recap

Ethereum’s 3 day positive streak has officially concluded, as the candle from the previous day closed down 1.51% ($6.05). This move happened on lower volume, as yesterday’s volume was down 33.61% from the day before — and down 14.68% from the same day the week before. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during the previous day. The daily price chart of Ethereum below illustrates.


Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 11 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From VitalikButerin:

    @Narodism @musalbas @MPtherealMVP @NickSzabo4 So you dislike the aesthetics of some people in the ethereum community (btw I’ve never done a burner party, LSD or a sex orgy) therefore ethereum has lost the plot? If I wanted to I could make similar caricatures about the whole “rah rah I’m manly because I eat steak” thing.

  • From worthalter:

    My @discord account was suspended this morning because I sent too many private messages to people that wanted their @poapxyz 🎖 to recall the @ethereum medalla testnet launch. Please help me making this visible to the discord support team so they know I’m no spammer 🙏🏻

  • From Shaughnessy119:

    Personally I think most layer 1s will die and we will end up with a few dominant ones #SmartContractWarsEthereum won’t be the only winner. DeFi/web3/(new use case) will live on other chains tooImportant that ETH lovers don’t put the blinders on, like BTC maxis did with ETH

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

Elrond Interoperability with Ethereum & Compatible Chains via xDAI Token Bridge
Elrond Network

We’re excited to announce our partnership with the xDAI Stable Chain to make their Arbitrary Message Bridge compatible with Elrond….This integration will enable token transfers between the Elrond mainnet and Ethereum compatible chains, as well as smart contract calls between the different chains.