Ethereum 4 Hour Price Update
Updated March 26, 2020 03:18 AM GMT (11:18 PM EST)
Ethereum came into the current 4 hour candle up 0.05% ($0.07) 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 is up 1.7% ($2.33) since the previous day, marking the 2nd day in a row an increase has occurred. The change in price came along side change in volume that was down 5.98% from previous day, but up 8.55% from the Wednesday of last week. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous day. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 7 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From VitalikButerin:
We should also be building DEX bridges between ethereum and other crypto ecosystems. I’ve talked to @zooko about this re Zcash, though I think we can both work harder to translate the talk into action. Would love to see more.
- From RyanSAdams:
China will deploy it’s digital currency networkUSA will deploy it’s digital currency networkEurope will deploy it’s digital currency networkAnd eventually they’ll all settle on a credibly neutral asset network that none of them ownThey’ll settle on Ethereum
- From wanchain_org:
@VitalikButerin Our cross-chain nodes use sMPC to lock a certain amount of $ETH on the ethereum chain. The $ETH becomes a “mapping token,” WETH. If the user wants to transfer the value back to ethereum, the WETH is burned, and the original ether is unlocked. Same with $BTC, $EOS. More coming!
As for a news story related to Ethereum getting some buzz:
We identified two different issues with the block proposer system during the audit (Issue C and D) and suggested a single mitigation strategy for both….The Ethereum 2.0 team acknowledged the suggested mitigation, however, SSLE is still very much an active area of research….We identified an issue where a dishonest node is capable of sending an unlimited amount of older block messages to the rest of the network with minimal penalty, allowing them to overwhelm the network and block legitimate messages.