Ethereum (ETH) Down $0.26 in Last 4 Hours, Moves Up For the 4th Straight Day; Crosses 50 Day Moving Average

Ethereum 4 Hour Price Update

Updated September 13, 2020 01:35 AM GMT (09:35 PM EST)

Ethereum is down 0.07% ($0.26) since the last 4 hour candle, marking a reversal from the candle prior — and the end of a 3 four-hour candle positive run. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.

Ethereum Daily Price Recap

Ethereum is up 3.71% ($13.89) since the day prior, marking the 4th straight day an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 26.59% from the day before — and down 77.25% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the day prior in terms of percentage price change. Below is a daily price chart of Ethereum.

Ethereum Technical Analysis

Notably, Ethereum crossed above its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 and 30 day timeframes. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 10 them.

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 QwQiao:

    Having played around with synthetic BTCs I’ve come to the conclusion that having BTC on Ethereum is incredibly bullish for BTC long term. It allows BTC to interact in a *highly programmatic* way as a reserve currency with other financial apps. It brings more liveliness to BTC.

  • From JamesSpediacci:

    *Uniswap finally makes using a DEX on Ethereum an enjoyable experience and a triumph for decentralization*SBF, Band CTO, CZ, and probably Justin Sun:
    “Let’s collude to destroy it and make a centralized version so we make more money hehehe”SBF fanboys: “he’s such a genius <3”

  • From iamDCinvestor:

    $YFI listed on Coinbase Pro is only the start. Eventually, it will end up on Coinbase.The super-high nominal token value will draw eyes, and interest. People will want to know what it’s about.And it will pull a new generation of users & investors into Ethereum DeFi overall.

For a longer news piece related to ETH that’s been generating discussion, check out:

Ethereum 2.0 is coming, unlikely to speed up enterprise DeFi adoption

According to Lubin, Ethereum 1.0 is a staking platform that enables the launch of Ethereum 2.0, which uses a proof-of-stake consensus mechanism….While enterprise adoption of Ethereum 2.0 may take a few years, it’s interesting to note that the idea of staking is gaining traction.