Ethereum 4 Hour Price Update
Updated August 27, 2020 03:19 PM GMT (11:19 AM EST)
The choppiness in the recent four-hour candle price action of Ethereum continues; to start the current 4 hour candle, it came in at a price of 384.36 US dollars, up 0.57% ($2.19) since the previous 4 hours. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours. Congrats to its holders!
Ethereum Daily Price Recap
386.02 (USD) was the opening price of the day for Ethereum, resulting in the previous day being one in which price moved up 0.7% ($2.68) from the previous day. This move happened on lower volume, as yesterday’s volume was down 48.96% from the day before — and down 45.98% 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 previous day. Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
Notably, the current price of Ethereum is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Ethereum’s price has gone up 17 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From ErikVoorhees:
Such drama 😂 @lopp did nothing wrong by advising INX, receiving shares, and profiting from a later listing of the asset. He’s smart and honest, good for him.Maxi’s are just pissed it’s built on Ethereum, which says more about Maxi’s than it does about Lopp, INX, or Ethereum.
- From sentosumosaba:
@AlexSaundersAU XRP also eliminates the Nostro accounts. Secondly, Quorum is a variant, called a “fork”, of the Ethereum codebase. The maximum achievable load on the system was 900 tx/sec beyond which the system failed to reach consensus. Evaluation link provided prior tweet 2/4
- From antiprosynth:
$ETH and a small percentage of #DeFi tokens in a bull market. 📈$DAI and other stablecoins in a bear market. 📉You never have to leave #Ethereum ⟠ $ETH for either. 🤯So why do we need $BTC again? 🤔And are CEXs becoming mere #Ethereum ⟠ $ETH onboarding vessels? 👀
For a longer news piece related to ETH that’s been generating discussion, check out:
Flare’s importance for improving XRP’s utility was recently highlighted by Ripple CEO Brad Garlinghouse during the first crypto townhall: “From my point of view, Flare is combining the best of XRP (very fast settlement), Ethereum (smart contracts), and Avalanche (for consensus) which helps extend XRP’s utility and allows developers to create smart contracts for new use cases like lending and DeFi.” The blockchain has its own token known as Spark (FXRP) that portrays the XRP token on the Flare network….“The FXRP system is a set of financial mechanisms encoded in smart contracts that enables XRP holders to create and redeem a 1:1 representation of the XRP token on the Flare Network, called FXRP,” the description of the token says.