Ethereum 4 Hour Price Update
Updated August 13, 2020 03:19 PM GMT (11:19 AM EST)
Ethereum entered the current 4 hour candle at $390.33, down 0.94% ($3.72) from the previous 4 hours. 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
The back and forth price flow continues for Ethereum, which started today off at 387.19 US dollars, up 2.18% ($8.25) from the previous day. This move happened on lower volume, as yesterday’s volume was down 21.74% from the day before — and down 26.44% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! Here is a daily price chart of Ethereum.
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. For additional context, note that price has gone up 20 out of the past 30 days.
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 fintechfrank:
SCOOP: Ethereum infrastructure and software firm ConsenSys is in the process of finalizing a $50 million raise via convertible debt, and JPMorgan is leading the investment The deal, which could close this month, is in tandem with ConsenSys’ plan to take in JPM’s Quorum
- From MattDavidKaye:
Ethereum simply can’t handle this. I’m bullish ethereum & the dev community but the window to scale is smaller than I anticiapted.Significant value may start flowing elsewhere if layer 2’s aren’t used this year.If you disagree you’re obviously not using ethereum everyday.
- From LomahCrypto:
I’m also of the belief that all those “Ethereum killers” are a bit too late.I’m seeing everything that’s being built around ETH. DeFi, Uniswap, DEXs, ETH 2.0 etc.There might be Ethereum competitors but I think the gap now is a bit too big to be overlapped. Just my 2 vits
For a longer news piece related to ETH that’s been generating discussion, check out:
“Supply Gate” – Ethereum Supply Question Causes Heated Debate with Bitcoiners – The BTC Times
Popular Bitcoin personality Michael Goldstein and Bitcoin researcher Pierre Rochard started questioning whether it was possible to independently verify the monetary supply of ETH….In response to Rochard’s and Goldstein’s question, some Ethereum enthusiasts pointed them towards Etherscan, a popular explorer for the Ethereum blockchain – a dissatisfying response which led Rochard to personally put up a bounty of one million satoshis (around $114 USD at the time of writing) for the development of a script to verify the total ETH supply….“Leon, the fact checker” found that ETH supply varied across the board between different block explorers and the scripts. Eventually, the conversations about the supply script of Ethereum led to a debate between Blockstream Chief Strategy Officer Samson Mow and Vitalik Buterin. Buterin stated the absence of a supply cap could actually help secure a blockchain network’s supply, arguing that if a blockchain network’s supply is fixed, there could be a lack of incentives for network participants….The extended discussion about the circulating supply on the Ethereum network highlighted the differing philosophies, monetary policies, and fundamentals between Bitcoin and Ethereum. A key pillar of Bitcoin’s design is its fixed supply: there can never be more than 21 million bitcoins.