Ethereum (ETH) Up $0.93 in Last 4 Hours, Moves Up For the 4th Straight Day; Crosses 50 Day Moving Average

Ethereum 4 Hour Price Update

Updated September 13, 2020 11:19 PM GMT (07:19 PM EST)

Ethereum came into the current 4 hour candle up 0.26% ($0.93) from the open of the previous 4 hours, marking the 2nd candle in a row an increase has occurred. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the previous 4 hours in terms of percentage price change.

Ethereum Daily Price Recap

Ethereum is up 3.71% ($13.89) since the day prior, marking the 4th straight day an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 26.59% from the day before — and down 77.25% 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. Here is a daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

Notably, Ethereum crossed above its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 and 30 day timeframes. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For another vantage point, consider that Ethereum’s price has gone up 7 of the previous 10 trading days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:

  • From spencernoon:

    As #DeFi continues its explosive growth, Bitcoiners are left with an impossible choice:1. Embrace $BTC on Ethereum but concede that $ETH will always be better #DeFi collateral- or -2. Don’t embrace $BTC on Ethereum and watch $ETH emerge as the best form of internet money

  • From AleksSvetski:

    #BitcoinersRight about- ICO are scams
    – Corona is a scamdemic
    – Altcoins = shitcoins
    – DeFi is Ponzi
    – Lockdowns are a disaster
    – Deterioration of social fabricSoon to be right about
    – #Ethereum = #Theranos
    – Fiat worthlessness
    – Citadels & mini sovereignties
    – $1 = 1sat

  • From ChainlinkP:

    My god. I just went out of my #Ethereum/#DeFi/#Chainlink CT bubble… it’s bleak out there. The delusion and desperation from ghost chains is just plain sad. Idk how these people wake up every day and do it. I’d name communities, but you already know who they are.

For a longer news piece related to ETH that’s been generating discussion, check out:

Is Chainlink the next Ethereum? – Asia Times

Asia Times
Covering geo-political news and current affairs across Asia Chainlink (LINK) has been going absolutely parabolic lately – shooting past $18 before falling down to $16.88 at the time of writing – and it is now the fifth-biggest crypto, according to CoinMarketCap….The number of LINK deposits into crypto exchanges reached an all-time high (ATH) of 8.2 million, the same day the token reached an ATH price of roughly $15….LINK holders may be moving their tokens to exchanges to take profits as the last time an ATH for this metric was recorded the price was at $4.51, the token’s highest at the time, Cointelegraph reported.