Ethereum 4 Hour Price Update
Updated April 13, 2020 05:35 AM GMT (01:35 AM EST)
Ethereum is down 3.26% ($5.18) since the last 4 hour candle, marking the 2nd candle in a row a decrease has occurred. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the last 4 hour candle in terms of percentage price change.
Ethereum Daily Price Recap
Ethereum came into today up 0.05% ($0.08) from the open of the day prior, marking the 2nd day in a row an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 45.1% from the day prior, and up 149.84% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 4th since the day prior in terms of percentage price change. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone up 5 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
In terms of news links for Ethereum here’s one to try:
Fractal: Ethereum Potentially On Verge of Multi-Year, Parabolic Bull Run
A prominent crypto trader earlier this year remarked that Ethereum might be one of the best investments of the 2020s, pointing to the fact that there are striking similarities between the charts of ETH (from its birth until now) and Bitcoin prior to its parabolic rally to $20,000 from triple digits….NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins.
