Ethereum (ETH) Up $1.4 in Last 4 Hours, Started Today Down 0.59%; Breaks Below 50 Day Average

Ethereum 4 Hour Price Update

Updated July 04, 2020 03:19 AM GMT (11:19 PM EST)

The end of a 4 four-hour candle negative run has come for Ethereum, which finished the previous 4 hours up 0.62% ($1.4). Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.

Ethereum Daily Price Recap

Ethereum came into today down 0.59% ($1.34) from the open of the day prior, marking the 2nd day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 42.26% from the day before — and down 37.26% from the same day the week before. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the day prior. Here is a daily price chart of Ethereum.

Ethereum Technical Analysis

Notably, Ethereum crossed below its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone down 9 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ethereum:

  • From CamouflageEth:

    Our 2nd airdrop is live! As we are about to distribute the 1st airdrop tokens, you can start leaving here your ethereum addresses. The first 200 addresses here will receive 4000 CAMO tokens some time after the uniswap listing.Go to #2nd-airdrop of our discord server.

  • From RyanSAdams:

    You can’t have a fully decentralized money system without a crypto native money at the base layerEthereum is the only chain that offers full DeFiBecause ETH is moneyIf you want to beat Ethereum at DeFi you must beat ETH at being moneyI see zero contenders for this rn

  • From ChainLinkGod:

    @iDecentralized Can all $ETH be moved to Bitcoin with minimal disruption to the #Ethereum network supporting #DeFi?That’s pretty much what you’re asking, doesn’t make any sense, the only reason all LINK would need to move is if Ethereum failed, in which case there would be no DeFi to support

For a longer news piece related to ETH that’s been generating discussion, check out:

Chainlink Expected to Spend $25M More on Development Than Ethereum

According to the latest report from Flipside Crypto, Chainlink is expected to spend $20 million more than Ethereum on ecosystem development this year….Some 37 million LINK remain in that wallet.