Ethereum 4 Hour Price Update
Updated May 05, 2020 05:35 AM GMT (01:35 AM EST)
The choppiness in the recent four-hour candle price action of Ethereum continues; to start the current 4 hour candle, it came in at a price of 205.05 US dollars, down 0.83% ($1.71) since the last 4 hour candle. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.
Ethereum Daily Price Recap
Ethereum is down 1.49% ($3.12) since yesterday, marking the 2nd day in a row a decrease has occurred. As for how volume fared, yesterday’s volume was up 35.73% from the previous day (Sunday), and up 41.52% from Monday of 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 yesterday. 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 6 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
Over on Twitter, here were the top tweets about Ethereum:
- From drop_csgo:
I think I’m actually retarded. I sent my btc to my dads coinbase account to convert it to ethereum, I lost money doing so. I then saw ethereum wasn’t doing so great right now and converted it back. Lost more money. It’s now stuck on my dads account too until he wakes up zzzz
- From ercwl:
I think Ethereum is completely fine to use as a sidechain, in my view it beats the hell out of every other existing BTC sidechain. If I must have a cryptoeconomical dollar synthetic, can’t have it on bitcoin, and I must choose between a central/federated server, I pick Ethereum.
- From chanwen_:
@xinshudong Seems that Ethereum is still undeniably the king globally. Other chains are just playing catch up without finding a niche to carve out it territory. I think that #Zilliqa positioning itself as an APAC chain for OpFi will play out well tbh. Let’s catch up soon on $ZIL plans!
For a longer news piece related to ETH that’s been generating discussion, check out:
Eth1 will continue as a proof of work chain while Eth2 will operate under the new proof of stake system….At first, proof of work could continue, but after a set number of blocks, for example every 100 blocks, consensus of the block could be determined by the proof of stake system….Finalisation When committee members vote for a block, they do not only vote on the particular block proposal, but they must also reference and vote for a particular historic checkpoint block….Figure 7 – Illustrative structure of blocks in the Ethereum shard system (displaying two shards) It should be noted that in phase 1, the sharding system and staking process become interrelated….Figure 8 – Ethereum potential staker committee allocation among shards The beacon chain is therefore left with only one validator committee per slot….The proof of stake system works just as before, except rather than the beacon chain containing voting information in an index of committees, it contains voting information from each shard. There are no checkpoint blocks within individual shard chains, nor is there a justification or finalisation process.