Ethereum 4 Hour Price Update
Updated September 13, 2020 03:18 AM GMT (11:18 PM EST)
The end of a 4 four-hour candle positive run has come for Ethereum, which finished the previous 4 hours down 0.54% ($2.1). 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 previous 4 hours.
Ethereum Daily Price Recap
Ethereum is up 3.71% ($13.89) since yesterday, 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. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since yesterday in terms of percentage price change. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Notably, Ethereum crossed above its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 14 and 30 day timeframes, where price is headed down. 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
Behold! Here are the top tweets related to Ethereum:
- From QwQiao:
Having played around with synthetic BTCs I’ve come to the conclusion that having BTC on Ethereum is incredibly bullish for BTC long term. It allows BTC to interact in a *highly programmatic* way as a reserve currency with other financial apps. It brings more liveliness to BTC.
- From JamesSpediacci:
*Uniswap finally makes using a DEX on Ethereum an enjoyable experience and a triumph for decentralization*SBF, Band CTO, CZ, and probably Justin Sun:
“Let’s collude to destroy it and make a centralized version so we make more money hehehe”SBF fanboys: “he’s such a genius <3”
- From iamDCinvestor:
$YFI listed on Coinbase Pro is only the start. Eventually, it will end up on Coinbase.The super-high nominal token value will draw eyes, and interest. People will want to know what it’s about.And it will pull a new generation of users & investors into Ethereum DeFi overall.
In terms of news links for Ethereum here’s one to try:
According to Lubin, Ethereum 1.0 is a staking platform that enables the launch of Ethereum 2.0, which uses a proof-of-stake consensus mechanism….While enterprise adoption of Ethereum 2.0 may take a few years, it’s interesting to note that the idea of staking is gaining traction.