Ethereum (ETH) Down $2.67 On 4 Hour Chart, Outperforms All Top Cryptos to Start the Day; 2 Day Down Streak Ended

Ethereum 4 Hour Price Update

Updated August 09, 2020 11:18 AM GMT (07:18 AM EST)

Ethereum entered the current 4 hour candle at $392.81, down 0.68% ($2.67) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 4th since the previous 4 hours in terms of percentage price change.

Ethereum Daily Price Recap

397.56 (USD) was the opening price of the day for Ethereum, resulting in yesterday being one in which price moved up 4.74% ($17.99) from yesterday. This move happened on lower volume, as yesterday’s volume was down 51.14% from the day before — and down 64.66% from the same day the week before. On a relative basis, yesterday was pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂 The daily price chart of Ethereum below illustrates.

ETH

Ethereum Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 10 out of the past 14 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 aantonop:

    @WhalePanda @wullon @LucLammers @adam3us @Excellion @VitalikButerin I wrote this book and continue to study Ethereum because I think it is interesting, from a technical perspective. This interest has cost me money and some goodwill from BTC maxis, but I continue despite these costs. I am motivated by intellectual curiosity.

  • From alistairmilne:

    Ethereum is *5 years old*For that whole time everyone was so busy trying to get rich by creating new ways to dump on dumb money that no-one bothered to make a way to easily verify the total supply of $ETH… and that is why many have ethical issues with $ETH (and others)

  • From aantonop:

    @WhalePanda @wullon @LucLammers @adam3us @Excellion @VitalikButerin I won’t get into this debate, but your assertion that I’m motivated by book sales and conferences is easily disproved. The income from Mastering Ethereum is tiny and well below minimum wage considering the effort. I’ve spoken at 2 conferences for Ethereum, both free.

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

$MTXLT on Ethereum: Roadmap. We are constantly looking for ways to… | by Christian Eichinger | tixlcurrency | Aug, 2020 | Medium

As an ERC-20 token, MTXLT can also take advantage of the benefits of Uniswap….ERC-20 tokens provide more opportunities to be included in staking programs and thus achieve added visibility for the project….Smart contracts for MTXLT are also made possible with an ERC-20 token….In addition to our own MTXLT token and ETH, other ERC-20 tokens can be sent on the Autobahn Network.