Ethereum 4 Hour Price Update
Updated April 01, 2020 03:18 PM GMT (11:18 AM EST)
Ethereum came into the current 4 hour candle down 0.52% ($0.69) from the open of the previous 4 hours, marking the 3rd candle in a row a decrease has occurred. On a relative basis, the previous 4 hours were pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂
Ethereum Daily Price Recap
Ethereum is up 0.65% ($0.86) since the day prior, marking the 2nd day in a row it has gone up. This move happened on lower volume, as yesterday’s volume was down 43.88% from the day before — and down 72.44% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the day prior 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 128.34 respectively, and thus may be at a key juncture along those timeframes. 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From RyanSAdams:
Got Maximalists trolling me about how pointless Ethereum is meanwhile I just sent a crypto backed stablecoin in a private transaction on the Ethereum mainnet peer-to-peer w/o a bankKeep trollingWe’ll keep building the bankless future you stopped caring about in 2013
- From udiWertheimer:
ethereum is dead
- From XRP_OWL:
Wish I had more money Institutional Grade digital assets will destroy next bull run.XRP IOTA Hedera Ethereum Neo (probably) EOS (maybe) BNB (definitely) BAT (probably) Tezos (likely) ADA (likely) Vechain (yes) there’s more….Waiting for a bottom?😉
In terms of news links for Ethereum here’s one to try:
So did the trend toward central bank digital currency….But even though China’s new central bank digital currency means a U.S. FedCoin is inevitable at some point, the Fed could afford to wait—that’s a perk of being the central bank behind the world’s reserve money….Yet still not enough for the Fed to move on a digital currency….A money network of money networks….March 24th 2020 That’s why I think central bank digital currencies will end up as sidechains for the public asset blockchain—sidechains to Ethereum….Central bank digital currencies are inevitable yes.