Ethereum 4 Hour Price Update
Updated April 12, 2020 03:18 AM GMT (11:18 PM EST)
Ethereum entered the current 4 hour candle at 156.93 in US dollars, down 1.02% ($1.62) from the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ethereum Daily Price Recap
Ethereum closed the previous day down 6.94% ($11.8); this denotes the 2nd day in a row a decrease has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 132.56% from the day prior, and up 172.82% 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. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
In terms of news links for Ethereum here’s one to try:
Ethereum’s upcoming derivative primitives – DeFi Weekly
A futures contract is a way for: A buyer to acquire an asset on a particular date in the future A seller to sell it at whatever price of the asset is at that date in the future You can also have futures for one type of asset, but settled in another….There’s currently no on-chain futures market available in DeFi. Some novel forward/futures that exist or would be neat if they existed: Electricity futures for crypto mining as they help miners hedge risk Lockdrop futures for trading an asset before it’s available and settlement happens when the asset is available….Options are similar to forwards and futures, except that the buyer has the RIGHT but no an OBLIGATION to purchase the asset at a date in the future….Calls are the right to acquire an asset at a certain price in the future Puts are the right to sell an asset at a certain price in the future Example 1: I buy a call option for $155 with the strike price being $150….The simplest way to think about it is that you’re speculating on the interest payments rather than the value of an asset.
