Ethereum 4 Hour Price Update
Updated August 12, 2020 03:19 PM GMT (11:19 AM EST)
Ethereum closed the last 4 hour candle up 0.95% ($3.61); this denotes the 3rd straight candle an increase has occurred. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the last 4 hour candle in terms of percentage price change.
Ethereum Daily Price Recap
The back and forth price flow continues for Ethereum, which started today off at 378.94 US dollars, down 4.27% ($16.9) from the previous day. The price move occurred on volume that was up 15.93% from the day prior, but down 19.67% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of price change relative to the previous day. 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 19 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 CryptoCred:
I want to get involved in some DeFi stuff; especially to go dumpster diving on Uniswap with the boys.However.I’ve got $ETH at HTF resistance ($400). Don’t want to end up in a spot where I’ve allocated more capital to Ethereum at a shitty level.Above $400, I may hop in.
- From Datavetaren:
1/ Ok, this is going to be another aspect of Ethereum and the money supply problem. It’s quite technical so skip this one if you don’t bother.Today Ethereum relies on “fast sync.” It’s almost impossible to do a full sync from genesis as it will take a month (> 30 days) or so.
- From Crypto_Bitlord:
Critical information leak:Someone appears to have successfully exploited an inflation bug in #Ethereum Waiting on more information but it looks like they have the ability to freely print $ETH-This may also impact ERC 20 tokens.(Updates coming 22:00 GMT )
For a longer news piece related to ETH that’s been generating discussion, check out:
Get started on Ethereum with KyberSwap | by KyberSwap | KyberSwap | Medium
To own your first crypto, you need to first create your own wallet and address to store your crypto….KyberSwap is based on the Ethereum blockchain, so you need to create a new Ethereum wallet….Your Ethereum wallet will be successfully created within seconds and you can use it on KyberSwap or any application that supports Torus….It’s like your home address where you receive mail 🙂 Check your wallet address balance anytime on the Ethereum blockchain explorer Etherscan.io With your new wallet and address, you can now connect to KyberSwap.com to send, receive, and store Ethereum tokens!…On KyberSwap.com , click ‘BUY ETH’ on the menu bar and a simple drop-down list with MoonPay and Wyre fiat to crypto options will appear….Now that you can buy ETH and swap it for tokens, start exploring Ethereum!