Ethereum 4 Hour Price Update
Updated August 17, 2020 11:19 PM GMT (07:19 PM EST)
Ethereum closed the last 4 hour candle down 0.17% ($0.74); this denotes the 2nd straight candle it has gone down. 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 last 4 hour candle.
Ethereum Daily Price Recap
Ethereum entered today at $433.85, up 0.28% ($1.22) from yesterday. As for how volume fared, yesterday’s volume was up 9.15% from the previous day (Saturday), and up 40.42% from Sunday of the week before. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during yesterday. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone up 6 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:
- From anthony_gerrits:
$ETH network fees are R I D I C U L O U S. The sooner we can start porting DeFi apps across from Ethereum over to #Cardano the better. Now is our opportunity to strike @IOHK_Charles Imagine $ADA adoption if consumers have an alternate to paying up to $50 per transaction using ETH
- From bzlwang:
#Bitcoin is now an undeniable part of DeFi, with $420M USD of $BTC on Ethereum, in one form or another. In the last 24 hours, over $24M has been moved through @renprotocol to be used to farm yield. Anyone not generating APY right now with their $BTC is asleep.
- From beniaminmincu:
@SBF_Alameda @Sadiq_ali_ @AlexSaundersAU @omgnetworkhq @ethereum @bitfinex @HuobiGlobal @FTX_Official @binance @coinbase @cz_binance @brian_armstrong @VitalikButerin @paoloardoino @kaiynne @Tether_to @ElrondNetwork Elrond has a TPS of *5.4k/shard*, with built-in adaptivity allowing to easily exceed 50k TPS if needed.
Current mainnet setup can process 15k TPS NOW, but design enables elegant real time setup update to increase throughput based on demand.
Happy to have a more detailed chat.
In terms of news links for Ethereum here’s one to try:
Ethereum 2.0 Testnet Crashes – Trustnodes
Everyone on Prysm got slashed here because there was some sort of error with a time synchronizer going four hours into the future, giving an error: “WARN roughtime: Roughtime reports your clock is off by more than 2 seconds offset=4h0m0.028854657s.” Apparently “the nodes connect to a NTP server to sync their time and they returned wrong values….The solution was to not forcibly adjust people’s time based on roughtime but instead log errors telling them their time is off.” So this little bug brought the whole thing down, with the last slot (block) bearing yesterday’s date: Other clients are fine with one solution being to switch to another client, but the bug has now been fixed.