Ethereum (ETH) Up $0.59 On 4 Hour Chart, Started Today Up 2.91%; in an Uptrend Over Past 14 Days

Ethereum 4 Hour Price Update

Updated August 06, 2020 07:19 AM GMT (03:19 AM EST)

396.4 (USD) was the opening price of the four-hour candle for Ethereum, resulting in the previous 4 hours being one in which price moved up 0.15% ($0.59) from the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.

Ethereum Daily Price Recap

Ethereum closed the day prior up 2.91% ($11.33); this denotes the 3rd day in a row an increase has occurred. The price move occurred on volume that was down 14.54% from the day prior, but up 42.24% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 12 out of the past 14 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ethereum:

  • From iamDCinvestor:

    As excited as I am about eth2, I’m EVEN MORE excited about the growth of diverse L2 solutions on Ethereum.But what REALLY gets me going is the COMBINATION of eth2 + L2 scaling.That’s how we get better UX, and scale to millions or billions of users.Don’t sleep on L2, folks.

  • From chainlink:

    Join @hughkarp founder of @NexusMutual, as he explores a people-powered alternative to insurance at #SmartCon. Nexus Mutual is using #Chainlink live on Ethereum mainnet to bring transparent and accurate on-chain valuations to its multi-currency capital pool.

  • From kieranmlkelly:

    XRP is fantastic for transactions globally. Bitcoin is a great store of value. Ethereum or Cardano might be used for smart contracts hopefully and Vechain for chain management & traceability. Not sure what Link does except off blockchain to on blockchain data. Do we need more?

In terms of news links for Ethereum here’s one to try:


Elrond Interoperability with Ethereum & Compatible Chains via xDAI Token Bridge
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Elrond Network

We’re excited to announce our partnership with the xDAI Stable Chain to make their Arbitrary Message Bridge compatible with Elrond….This integration will enable token transfers between the Elrond mainnet and Ethereum compatible chains, as well as smart contract calls between the different chains.