Ethereum 4 Hour Price Update
Updated April 18, 2020 05:35 AM GMT (01:35 AM EST)
The back and forth price flow continues for Ethereum, which started the current 4 hour candle off at 174.01 US dollars, up 1.89% ($3.22) from the previous 4 hours. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.
Ethereum Daily Price Recap
Ethereum entered today at 170.98 in US dollars, down 0.93% ($1.6) from yesterday. This move happened on lower volume, as yesterday’s volume was down 60.75% from the day before — and down 56.3% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the day in terms of price change relative to yesterday. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Notably, Ethereum crossed below its 200 day moving average yesterday. The clearest trend exists on the 30 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.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From PaulRBerg:
I recently spent a ridiculous amount of time sorting my dual residency and I can’t help it but think how much more efficient it’d be to use Ethereum + ZKPs.Govs should use blockchains as a neutral communication protocol and forgo relying on papers sent via international post.
- From SandorReport:
I’ve read the @binance Smart Chain whitepaper so you don’t have to. The shortest I can summarize it: Binance just launched #Ethereum 2.0 before Ethereum. Full EVM on a PoA chain with tremendous network effect. It’s an incredibly smart move. $BNB @cz_binance
- From lawmaster:
To be fair, this was Binance’s plan for years now. They have been preparing for this moment for a while and even started to delist ETH pairs last year and were approaching teams to migrate their apps from Ethereum to Binance Chain.
As for a news story related to Ethereum getting some buzz:
Binance vs. Ethereum, MicroBT vs. Bitmain, Libra vs. the World – CoinDesk
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