Ethereum 4 Hour Price Update
Updated August 20, 2020 01:35 AM GMT (09:35 PM EST)
Ethereum’s 6 four-hour candle negative streak has officially concluded, as the candle from the previous 4 hours closed up 2.56% ($10.13). 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
Ethereum is down 3.44% ($14.53) since the previous day, marking the 3rd day in a row it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 55.3% from the day prior, and up 46.13% 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 previous day. 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 day moving averages, which may act as price barrier for the asset. 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 30 days Ethereum’s price has gone up 20 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From peter_szilagyi:
Just realized #Bitcoin uses SHA2 and #Ethereum SHA3. We’re irresponsible for calling both “hash” and are deliberately confusing people. We *must* rename Ethereum’s hash “secure hash” since Bitcoin’s hash is weaker and we should not be dishonest about it.I can do maxi logic too.
- From chainlink:
.@ArbolMarket is using #Chainlink for validated weather data, making it the first decentralized weather insurance product live on the #Ethereum mainnet. Farmers can now protect themselves from negative weather events using universally connected smart contracts.
- From boxmining:
This whole #Bitcoin vs #Ethereum debate is boring and senseless. If crypto if to win, we’ll have to do it TOGETHER.Comparing two totally different projects and philosophies might be entertaining for podcast, but it’s also nonsense. @Excellion @VitalikButerin
For a longer news piece related to ETH that’s been generating discussion, check out:
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.