Ethereum (ETH) Up $4.14 in Last 4 Hours, Moves Down For the 3rd Day In A Row; in a Downtrend Over Past 30 Days

Ethereum 4 Hour Price Update

Updated March 23, 2020 11:19 PM GMT (07:19 PM EST)

Ethereum closed the last 4 hour candle up 3.17% ($4.14); this denotes the 3rd candle in a row an increase has occurred. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.

Ethereum Daily Price Recap

Ethereum came into today down 7.75% ($10.28) from the open of yesterday, marking the 3rd day in a row it has gone down. This move happened on lower volume, as yesterday’s volume was down 1.39% from the day before — and down 23.28% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Ethereum.

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 down. For additional context, note that price has gone up 5 out of the past 10 days.

Overheard on Twitter

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

  • From udiWertheimer:

    Israeli government is seriously considering postponing/cancelling daylight savings, which is supposed to go into effect in 5 days, because they think it will encourage people to stay homeYou can’t cancel daylight savings with a 5 days notice you plebs, this isn’t Ethereum

  • From open_ledger:

    $ETH is a store of value (digital gold), a medium of exchange (currency), the energy that powers the #ethereum network (gas), the equity that controls the network (PoS), and so much more. It is a multi-dimensional asset unlike any we’ve seen before.

  • From AlexMasmej:

    This week a senior engineer at an Ethereum killer told me:”Ethereum is just 20-something technologists, they don’t have cryptography experience nor a database engineering past”Yet this is precisely how innovation happens: young beginner minds thinking from first principles.

In terms of news links for Ethereum here’s one to try:

Full Stack Hello World Voting Ethereum Dapp Tutorial — Part 1

In this post, let’s build a simple ‘Hello World!’ application which is a Voting application….The goal is not to just code an application but to learn the process of compiling, deploying and interacting with it….Unlike in the web world where every deploy of your code overwrites the old code, deployed code in the blockchain is immutable….Now let’s compile the code and deploy it to ganache blockchain….You first create a contract object (deployedContract) which is used to deploy and initiate contracts in the blockchain….We use the web3 deploy function along with send to deploy the contract to the blockchain.