Ethereum (ETH) Up $2.2 in Last 4 Hours, Entered Today Down For the 2nd Day In A Row; Price Base in Formation Over Past 30 Days

Ethereum 4 Hour Price Update

Updated May 25, 2020 07:18 PM GMT (03:18 PM EST)

Ethereum came into the current 4 hour candle up 1.09% ($2.2) from the open of the previous 4 hours, marking the 2nd candle in a row it has gone up. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the previous 4 hours in terms of percentage price change.

Ethereum Daily Price Recap

Ethereum came into today down 3.35% ($6.92) from the open of yesterday, marking the 2nd day in a row it has gone down. The change in price came along side change in volume that was up 66.82% from previous day, but down 2.09% from the Sunday of last week. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since yesterday in terms of percentage price change. Below is a daily price chart of Ethereum.

Ethereum Technical Analysis

First things first: Ethereum crossed below its 20 day moving average yesterday. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Ethereum’s price has gone down 16 of the previous 30 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 d1dynasty_:

    Even in Quarantine, people are still cashing out, My Friend just made 40K naira in 8 days from Ethereum 😂🔥🔥. I just started mine not too long and I got 10K naira already.Crypto is actually a legit business investment, if you’re interested, DM me.

  • From The3D_:

    The fact that even with these crazy tx fees we are still willing to interact with #Ethereum should be a clear sign for all of these “ethereum killers” of how much work they will need to do to achieve their goal, besides shiny whitepapers and astronomical TPS claims.

  • From VirgilFotachi:

    What happends to a project build on #Ethereum when the team is out of money? It dies. The idea dies, the technology dies, all resources lost. What happends to #Tezos? Tezos is a FAT protocol, the development happends on the protocol itself, not on separate projects doomed to die.

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

Another Ethereum DeFi token surged 10,000% in 2 hours — an analyst thinks it was 4chan… again | CryptoSlate

Just days after an Ethereum-based decentralized finance (DeFi) token surged 400 percent earlier this week because of users of the anonymous messaging board 4chan, it happened again.