Ethereum 4 Hour Price Update
Updated July 27, 2020 01:36 AM GMT (09:36 PM EST)
Ethereum entered the current 4 hour candle at $310.81, up 1.19% ($3.67) from the last 4 hour candle. On a relative basis, the last 4 hour candle were pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂
Ethereum Daily Price Recap
Ethereum came into today up 1.9% ($5.8) from the open of the day prior, marking the 6th day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 3.58% from the day prior, and up 513.24% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the day in terms of price change relative to the day prior. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone up 8 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From RyanSAdams:
To capture the massive opportunities in DeFi over the past weeks you had to put in the work over the past monthsYou had to bust through the maximalist meme bubbleYou had to know how to use Ethereum & DeFi toolsYou needed the right mental modelsThis is why we go bankless
- From WLFOFMYST:
One more point – just to keep it real. The bashing of #Tron started, when people claimed Justin copied $ETH.First – Ethereum is open source – there is no stealing. Second – Zuckerberg actually DID steal shit – and look where he is. Hope everyone has a nice day 😎
- From kieranmlkelly:
If you remember @CryptoKitties then you know that Ethereum doesnt work very well and the backlog on transactions went on for weeks. If you remember @tonevays vs @rogerkver then you’ll know BTC and Lightening doesn’t work very well. XRP works far better but needs more speculation.
As for a news story related to Ethereum getting some buzz:
Binance to Use Syscoin’s Ethereum Bridge as a Scaling Solution for BUSD – Crypto Daily™
The interoperability layer developed by Syscoin and Blockchain Foundry allows ERC20 assets to be transacted on the Syscoin blockchain, where fees are significantly lower and throughput is higher….Syscoin Bridge takes a different approach, creating a two-way channel between Syscoin and Ethereum that allows ERC20 tokens to transcend the chain they were issued on.