Ethereum 4 Hour Price Update
Updated September 06, 2020 01:35 AM GMT (09:35 PM EST)
The back and forth price flow continues for Ethereum, which started the current 4 hour candle off at 327.3 US dollars, up 1.16% ($3.76) from the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.
Ethereum Daily Price Recap
335.24 (USD) was the opening price of the day for Ethereum, resulting in yesterday being one in which price moved down 13.13% ($50.67) from yesterday. As for how volume fared, yesterday’s volume was up 117.96% from the previous day (Friday), and up 380.24% from Saturday of the week before. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during yesterday. Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
First things first: Ethereum crossed below its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 14 and 30 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Ethereum’s price has gone up 16 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From avsa:
The story so far: someone built a bank in ethereum, and it was so successful they decided to give users a vote. But the vote could be sold and soon it paid more than the interest in the own bank, and soon other projects started to pay for users with tokens too.
- From udiWertheimer:
i feel bad for the shitcoin scammers of ~2012worked for months, pioneered mining algos, withstood attacks, then exit scammed for 5 figuresthese days you start a telegram channel, spam it with some emojis for 5 days, then exit scam for 7 figuresthis is the power of ethereum
- From DaveLevine0com:
90% of all crypto economic activity occurs on Ethereum. ETH market cap is only 12% of the entire crypto market cap. ETH’s valuation will catch up to its real world influence. The gap between fundamentals and valuation creates a runway for ETH price to go over $1000.
As for a news story related to Ethereum getting some buzz:
By contrast, Ethereum, trading at $388 at time of writing, is worth about 27% of its all-time high of $1,432….Bitcoin, trading at $10,305 at time of writing, is worth about 51% of its all-time high of $20,089.