Ethereum 4 Hour Price Update
Updated August 09, 2020 03:18 PM GMT (11:18 AM EST)
Ethereum closed the previous 4 hours down 1.85% ($7.26); this denotes the 2nd candle in a row a decline has happened. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the previous 4 hours in terms of percentage price change.
Ethereum Daily Price Recap
The choppiness in the recent daily price action of Ethereum continues; to start today, it came in at a price of 397.56 US dollars, up 4.74% ($17.99) since the previous day. This move happened on lower volume, as yesterday’s volume was down 51.14% from the day before — and down 64.66% from the same day the week before. On a relative basis, the previous day was pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂 The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
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 10 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From aantonop:
@WhalePanda @wullon @LucLammers @adam3us @Excellion @VitalikButerin I wrote this book and continue to study Ethereum because I think it is interesting, from a technical perspective. This interest has cost me money and some goodwill from BTC maxis, but I continue despite these costs. I am motivated by intellectual curiosity.
- From alistairmilne:
Ethereum is *5 years old*For that whole time everyone was so busy trying to get rich by creating new ways to dump on dumb money that no-one bothered to make a way to easily verify the total supply of $ETH… and that is why many have ethical issues with $ETH (and others)
- From notgrubles:
The creator of Ethereum can’t confidently tell you what the total supply of ETH is, what it will be in the near or medium term, nor what it will be in the long term.Only that there will be more created based on his & his cronies’ subjectivity. This isn’t crypto, it’s fiat.
As for a news story related to Ethereum getting some buzz:
As an ERC-20 token, MTXLT can also take advantage of the benefits of Uniswap….ERC-20 tokens provide more opportunities to be included in staking programs and thus achieve added visibility for the project….Smart contracts for MTXLT are also made possible with an ERC-20 token….In addition to our own MTXLT token and ETH, other ERC-20 tokens can be sent on the Autobahn Network.