Ethereum 4 Hour Price Update
Updated July 09, 2020 01:35 AM GMT (09:35 PM EST)
Ethereum’s 3 four-hour candle positive streak has officially concluded, as the candle from the last 4 hour candle closed down 0.55% ($1.37). On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.
Ethereum Daily Price Recap
Ethereum entered today at $247.11, up 3.24% ($7.76) from yesterday. As for how volume fared, yesterday’s volume was up 31.04% from the previous day (Tuesday), and up 62.82% from Wednesday of the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since yesterday in terms of percentage price change. Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
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. For another vantage point, consider that Ethereum’s price has gone down 8 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From R_Tyler_Smith:
1/24
For those who don’t spend every moment reading about #Ethereum , here is a crash course on what is about to happen in the next 6-12 months…I’m keeping the time frame tight and trying not to speculate too far into the future (maybe another thread). - From iamDCinvestor:
If you think Bitcoin Maximalism looks silly now, just wait until you see how detached from reality it will appear over the next 3 years.Maxis’ mental models of the space are stuck in 2013.Innovation on #Ethereum never stops, and this cycle, the world will learn of its power.
- From TheCryptoLark:
Arca issues US treasury backed fund on ETH
Switzerland approves IPO for class A share on ETH
Banco Santander issues bonds on ETH
Tokenized real estate being issued on ETH Legacy finance is being disrupted before our eyes, and it is happening on #ethereum not #bitcoin
For a longer news piece related to ETH that’s been generating discussion, check out:
Waiting for Ethereum 2.0, but Layer-Two Solutions Are Needed Now
The Ethereum network has been dealing with some congestion issues, the most recent of which resulted in its transaction fees ballooning in June 2020….The network congestion even led to an increase in the maximum gas allowed per block on the Ethereum blockchain, enabling more transactions to be processed but also meaning that the size of the blockchain continues to grow — another scalability issue that Ethereum 2.0 sharding aims to solve….OMG focuses on enterprise use and claims to be the “only production-ready scaling solution for the Ethereum blockchain,” providing business-to-business solutions for companies looking to transact on the Ethereum blockchain….So, there are several solutions that can help Ethereum deal with its current issues, but can they be used now?…Some of the layer-two solutions aim to provide their services on multiple blockchain networks in the future and even enable decentralized cross-blockchain transfers.