Ethereum (ETH) Up $7.65 Over Past 4 Hours, Moves Up For the 2nd Straight Day; in an Uptrend Over Past 90 Days

Ethereum 4 Hour Price Update

Updated September 08, 2020 01:36 AM GMT (09:36 PM EST)

353.73 (USD) was the opening price of the four-hour candle for Ethereum, resulting in the last 4 hour candle being one in which price moved up 2.21% ($7.65) from the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Ethereum Daily Price Recap

Ethereum is up 0.29% ($1.01) since the day prior, marking the 2nd straight day it has gone up. The price move occurred on volume that was down 27.2% from the day prior, but up 30.6% from the same day the week before. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during the day prior. Let’s take a look at the daily price chart of Ethereum.

Ethereum Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 9 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From davexlr:

    I can help you develop any kind of smart contract, Ethereum based or Hyperledger chaincode. If you have an idea of a DeFi app, DEX or Coin, you should send a DM let’s build it together..#blockchain #ethereum #bitcoin

  • From SBF_Alameda:

    13) Second, if he does so, the offer to build another copy of it on Serum — while keeping the current version on Ethereum–still stands.And in fact there’s more. Nomi sold 5mm SUSHI from the dev pool.If the above happen, I will personally return 5mm SUSHI to the community.

  • From Crypto___Oracle:

    Within a few years people will view Chainlink as just as vital to building smart contracts as Ethereum because not only will contracts require oracles for connecting w/ off-chain resources but may dApps will run off-chain computation & Chainlink will be the market leader in it.

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

DeFi experts say that Ethereum 2.0 is not the answer to high gas fees

High gas fees for transactions on the Ethereum blockchain are at record highs amid the decentralized finance hype that has attracted many new users to get on board on the Ethereum network….Although they have different opinions on solutions, they all agreed that Ethereum 2.0 is not the answer to high transaction costs….Kunz, Mounir and Kumanovic all agreed that it is not  practical for all projects to move on the Ethereum 2.0 as well, stating: “For it to work, all applications would need to move towards one single platform.