Ethereum 4 Hour Price Update
Updated July 15, 2020 01:35 AM GMT (09:35 PM EST)
241.08 (USD) was the opening price of the four-hour candle for Ethereum, resulting in the last 4 hour candle being one in which price moved down 0.13% ($0.32) from the last 4 hour candle. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during the last 4 hour candle.
Ethereum Daily Price Recap
240.44 (USD) was the opening price of the day for Ethereum, resulting in yesterday being one in which price moved up 0.38% ($0.91) from yesterday. This move happened on lower volume, as yesterday’s volume was down 41.06% from the day before — and down 40.2% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
Notably, the current price of Ethereum is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 down 19 out of the past 30 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 Crypto___Oracle:
It won’t happen overnight, but it feels like Ethereum’s #DeFi market is separating from BTC & becoming the main focus for crypto enthusiasts. BTC is still the most widely recognized in the mainstream, but parallel value streams outside of crypto as money will become more popular.
- From Justin_Bons:
The explosion in DeFi adoption is a precursor to the future growth of EthereumAnything built on top directly benefits ETH, this is part of the economics of blockchainDAPs drive usage which synergistically creates a better SoV & moneyETH has already won, BTC cannot compete
- From rstormsf:
The BZRX IDO today was not an exploit nor a hack. Uniswap IDOs generically still have problems with front running, and that’s all I’m trying to show. My intent was to teach the community about technical details of defi bots on ethereum.
In terms of news links for Ethereum here’s one to try:
Ethereum: Past, Present, Future | Vitalik Buterin – Bankless
Is ETH a triple-point asset?…? The world needs you now more than ever. Here’s what we cover: How Vitalik’s feeling about Ethereum PAST: Times when Vitalik was far less optimistic Has Ethereum matched the original vision?…How Etheruem is like Briton ETH THE ASSET Is ETH a triple point asset?…Subscribe to the podcast on iTunes | Spotify | YouTube | RSS Feed Leave a review on iTunes Share the episode with someone you know!