Ethereum 4 Hour Price Update
Updated July 30, 2020 03:20 AM GMT (11:20 PM EST)
Ethereum came into the current 4 hour candle down 0.37% ($1.17) from the open of the last 4 hour candle, marking the 4th candle in a row a decrease has occurred. On a relative basis, the last 4 hour candle were pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂
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 318.27 US dollars, up 0.25% ($0.8) since the previous day. The change in price came along side change in volume that was down 20.46% from previous day, but up 47.08% from the Wednesday of last week. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 10 out of the past 14 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
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 IslandHunting:
This month I have:- Bought an S&P 500 option
– Earned interest at 750%
– Borrowed money for free
– Made markets
– Provided liquidity
– Traded on margin
– Made a USD business loan payment
– Joined a new farming DAO community
– And much more!All on Ethereum, only on Ethereum
- From iamDCinvestor:
If you work full time on Ethereum or Ethereum-based apps, and are still overweight BTC vs ETH, I apologize in advance for the FOMO you’re going to feel over the next 1-2 years.Those of us using this thing every day can see the value of what’s being created here.
- From drakefjustin:
Burning ETH (on top of the EIP-1559 fee burn) is a simple incentive-aligned way for dApps to rally the Ethereum marketing machine for extra growth. Total Value Burnt (TVB) may become a prime DeFi metric alongside Total Value Locked (TVL).
For a longer news piece related to ETH that’s been generating discussion, check out:
If it weren’t for horses, Joey Krug might not have ever gotten into ethereum….“They said, ‘No, but if you go there and you muck stalls every day for a year, we’ll get you a horse,’” he says….Now 26, Krug is the co-chief investment officer at Pantera Capital and a cofounder of Augur, an open-source no-limits betting platform built on the ethereum blockchain that lets anyone build any kind of betting market, without a bookie. Today, Krug and a team of open-source developers scattered around the world launched Version 2 of that platform, which amounts to a significant leap forward in the world of decentralized applications that function similar to the internet but without the need for trusted third parties….It’s sort of like public infrastructure.” Augur co-creator Joey Krug on Shimmer, the Palomino horse his parents got him after mucking horse ……The privately-held Forecast Foundation, based in Estonia, sold or distributed 11,000 REP tokens to be used on Augur, 80% of which went to “the crowd,” or people interested in participating in the prediction market, 16% of which went to the Augur founding team, including Buterin, and 4% of which went to support the foundation itself….“Someday the foundation will run out of money and basically, kind of disappear and this becomes an ongoing community developed open source software project,” he says, “At which point, we could maybe create a for-profit entity on top that does actually try to aggressively make money.” I report on how blockchain and cryptocurrencies are being adopted by enterprises and the broader business community.