Ethereum 4 Hour Price Update
Updated September 18, 2020 11:21 AM GMT (07:21 AM EST)
Ethereum entered the current 4 hour candle at $386.49, up 0.15% ($0.58) from the last 4 hour candle. 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 last 4 hour candle.
Ethereum Daily Price Recap
Ethereum came into today up 6.65% ($24.3) from the open of the previous day, marking the 2nd straight day an increase has occurred. The price move occurred on volume that was up 57.83% from the day prior, but down 18.11% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the previous day. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Ethereum crossed above its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 19 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From sassal0x:
I love the new trend of CEXs listing new DeFi tokens on day 1 because they are scared of losing a massive amount of volume to DEXs if they wait even a few days.I’d really hate to be one of those people who think that DeFi on Ethereum is a joke.
- From MerschMax_:
We’re at the dawn of the Ownership Economy:@UniswapProtocol – a 2 year old automated market maker on Ethereum – launched their $UNI token today.They distributed 150m $UNI to their early users. At $3/UNI, that’s currently $450m airdropped to their most loyal userbase. 1/5
- From maticnetwork:
1/ Congratulations to @haydenzadams & the @UniswapProtocol team on the successful launch of $UNI token!👏This is a significant moment for Uniswap, but also a time to address the issue of rising gas fees & how Matic can help Ethereum scale to ensure a bright future for #DeFi.
In terms of news links for Ethereum here’s one to try:
News > IGGalaxy Migrating from TRON to Matic Network, Ethereum’s Layer 2 Scaling Solution IGNews Yesterday, Cointelegraph shared a tweet to an article that provided somewhat of an insight into what is a significant development for IGGalaxy….In this article, we will provide an insight into our migration from TRON to the Matic Network, and why Matic will be the new home of IGGalaxy….Through the innovative application of blockchain technology within our social competitive gaming platform, we are developing an incentivised token economy that serves to reward participants for the time and value they add to IGGalaxy….Furthermore, when users participate in IGGalaxy, interacting with cryptocurrencies and blockchain technology for the first time, user experience is imperative….We believe Matic will provide our growing user base with a far superior experience in IGGalaxy, particularly as the network matures….Matic’s Interoperability For IGGalaxy, migrating and evolving our core blockchain architecture on Matic provides a number of benefits.