Ethereum 4 Hour Price Update
Updated May 27, 2020 01:35 AM GMT (09:35 PM EST)
Ethereum closed the previous 4 hours up 1.05% ($2.09); this denotes the 2nd candle in a row an upward move has occurred. On a relative basis, the previous 4 hours were pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class ?
Ethereum Daily Price Recap
Ethereum entered today at $201.03, down 1.5% ($3.07) from the day prior. The price move occurred on volume that was up 27.19% from the day prior, but down 18.39% 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. Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
First things first: Ethereum crossed below its 20 day moving average yesterday. Price action traders in particular will want to note that the 30 day period 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 down 6 of the previous 10 trading days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:
- From d1dynasty_:
Even in Quarantine, people are still cashing out, My Friend just made 40K naira in 8 days from Ethereum ???. I just started mine not too long and I got 10K naira already.Crypto is actually a legit business investment, if you’re interested, DM me.
- From AremexThaBest:
After seeing Arewa Twitter and abuja people flaunting rolls Joyce and Bentley today, I quickly decide that I will make it too in this life??? ,Where are my friends that introduced me to Gifta world and Ethereum million money? M now ready ooo???
- From BlvckDotun:
It’s a thread*Did you miss the huge opportunity when Bitcoin came in around 2013 and then 1 Bitcoin was ₦20,000 but today, 1 Bitcoin is over ₦3,800,000?**Today, another opportunity has presented itself, Ethereum is here in its early stage of growth.*
In terms of news links for Ethereum here’s one to try:
Just days after an Ethereum-based decentralized finance (DeFi) token surged 400 percent earlier this week because of users of the anonymous messaging board 4chan, it happened again.