Ethereum 4 Hour Price Update
Updated September 25, 2020 01:36 AM GMT (09:36 PM EST)
Ethereum is up 0.96% ($3.34) since the last 4 hour candle, marking the 6th candle in a row an upward move has occurred. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.
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 349.18 US dollars, up 9.05% ($28.99) since the previous day. The price move occurred on volume that was up 9.41% from the day prior, but down 11.99% 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
Moving average crossovers are always interesting, so let’s start there: Ethereum crossed above its 100 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 30 day timeframe. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For additional context, note that price has gone up 5 out of the past 10 days. Price action traders may also wish to note the presence of a bullish engulfing pattern in the midst of the downtrend on the 90 and 30 day charts, which may signal the trend is concluding.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From mysticryuujin:
1/ Why I won’t be staking ETH at launch, a thread…#Ethereum #eth2Like many of you, I am excited for ETH2, the Beacon Chain, Phase 0, and everything that will come after.I have participated in Onyx, Witti, Altona, and Medalla test networks.I tried Prysm and Lighthouse.
- From YFBIT_Finance:
⌚ Pre-Sale is live only 1 day:
1 ETH = 2 YFBT
Ends when contribution = 200 ETH
Send your Ethereum to our Presale address below:0x5F888FF76266493FF3701E6B97f1ed3D29b71543We’ll send YFBT after 24hours
YFBT will be listed on Binance in Oct@cctip_io airdrop 0.01 ETH 900 #Defi - From latetot:
1/ Why I will be staking ETH at launch, a thread…#Ethereum #eth2 @mysticryuujin Like many of you, I am excited for ETH2, the Beacon Chain, Phase 0, and everything that will come after.I have participated in Onyx and Medalla test networks.I use Prysm and Lighthouse.
For a longer news piece related to ETH that’s been generating discussion, check out:
How to swap your native TOMO on TomoChain to/from TOMOE (ERC20) on Ethereum – TomoChain Docs
Note: TOMOE can only be swapped to TOMO when the network is set up on the Main Ethereum Network….You have gone through the whole process of swapping between TOMO & TOMOE on TomoBridge.