Ethereum 4 Hour Price Update
Updated July 13, 2020 01:35 AM GMT (09:35 PM EST)
Ethereum is up 0.72% ($1.72) since the previous 4 hours, marking the 2nd candle in a row it has gone up. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the previous 4 hours in terms of percentage price change.
Ethereum Daily Price Recap
Ethereum’s 3 day negative streak has officially concluded, as the candle from the day prior closed up 1.5% ($3.59). The price move occurred on stronger volume; specifically, yesterday’s volume was up 73% from the day prior, and up 46.38% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the day prior. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
The first thing we should note is that Ethereum is now close to its 20 and 50 day averages, located at 233.62 and 232.78 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 6 out of the past 10 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From J0E007:
@TylerDurden “Ethereum staking” is a marketing ploy to suck greedy ETHtard plebs into useless “2.0” and trap their ETH there forever while insiders, whales and Eth Foundation gang unload premine riches of ETH 1.0 without retail competition. Wicked clever, just like other ETH scams.
- From iamDCinvestor:
The difference between what some folks call “.eth shills” versus actual-token-shills is that we don’t just love $ETH, we love Ethereum.We really use it everyday, and we’re hyper-aware of the panoply of apps emerging on it.That’s why we saw “DeFi” coming, well over a year ago.
- From Justin_Bons:
When I joined Bitcoin in 2013, there was a great desire for decentralized applications over BTCSpeculation ran wild around the possibilities, predicting most of what exists todayDeFi was always an early dream of BitcoinNow this dream is being fully achieved over Ethereum
As for a news story related to Ethereum getting some buzz:
It should be possible to organise the state database as an overlay, where actively modifiable state “sits” on top of the immutable snapshot file….Anytime we try to read anything from the state, we look up in the modifiable state, and if not found there, we look up in the snapshot file (that means that snapshot file needs to have an index in it)….The second approach to syncing (from recent state snapshot) still requires executing at most 1m blocks….If it is too much to ask to run through at most 1m worth of blocks, we can introduce minor snapshots, or “booster” snapshots that would need to be downloaded on top of the most recent major snapshot….For example, if we make major snapshots every 1m blocks (~6 months), we could make minor snapshots every 100k blocks (~18 days).