Ethereum 4 Hour Price Update
Updated August 03, 2020 07:21 AM GMT (03:21 AM EST)
Ethereum closed the last 4 hour candle up 1.53% ($5.79); this denotes the 2nd candle in a row it has gone up. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ethereum Daily Price Recap
Ethereum is down 4% ($15.48) since the day prior, marking a reversal from the day prior — and the end of a 4 day positive run. The price move occurred on stronger volume; specifically, yesterday’s volume was up 46.61% from the day prior, and up 113.61% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the day in terms of price change relative to the day prior. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethereum’s price has gone up 8 of the previous 10 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From rektcapital:
$ETH is only a few hours away from Weekly Closing above $360That’s the top of ETH’s Weekly $160 – $360 channelEthereum only broke out from this channel once beforeThat was in November 2017After the breakout, Ethereum rallied to $1400 a few weeks later$ETHUSD #Ethereum
- From TrustlessState:
The #Ethereum block that got mined right at the moment ETH price went from $415-$325 received 12.81 ETH in fees. The next subsequent blocks averaged ~6 ETH in fees each. With EIP1559, ETH price volatility will burn more ETH and Ethereum more secure
- From VitalikButerin:
One important problem in ethereum that has not yet seen enough love is decentralized marketplaces for providing historical information (logs, txs… basically anything other than current state).
As for a news story related to Ethereum getting some buzz:
A look into DeFi versus ICOs as another year passes for Ethereum….Since then, Ether (ETH) has become the dominating altcoin in market capitalization, popularity and network value settlement, having even surpassed Bitcoin in the latter….While DeFi has reached milestones, such as $4 billion in locked funds, the sheer size of investment obtained by DeFi protocols is way smaller than what ICOs gathered.