Ethereum 4 Hour Price Update
Updated July 24, 2020 01:35 AM GMT (09:35 PM EST)
The end of a 3 four-hour candle positive run has come for Ethereum, which finished the last 4 hour candle down 0.16% ($0.45). Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the last 4 hour candle in terms of percentage price change.
Ethereum Daily Price Recap
Ethereum is up 4.29% ($11.33) since the day prior, marking the 3rd day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 111.68% from the day prior, and up 174.82% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the day prior. Below is a daily price chart of Ethereum.
Ethereum Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ethereum’s price has gone up 7 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From peter_szilagyi:
Heads up, we are ripping out Whisper from the go-ethereum code base. Will move it into its own repo and archive it for posterity, add some links to current work done by @ethstatus. All in all SHH died a long time ago and there’s no point to tiptoe around it. #Ethereum
- From preston_vanloon:
Some BTC maximalists are making fun of ETH gas prices, but when you say the same thing about BTC blocks being full and fees going up, then they say that’s Satoshi’s vision to have full blocks.Is Ethereum fulfilling Satoshi’s vision better than bitcoin? ?
- From CryptosBatman:
The Ethereum 2.0 final testnet is set to go live on Aug 4th. If successful, we may see the launch of the Mainnet as early as Nov 4th.Already in June the testnets had over 20,000 validators which is a huge accomplishment.#Ethereum and #DeFi will spark the next bullrun! $ETH
In terms of news links for Ethereum here’s one to try:
Sunny Lu: VeChain will overtake Ethereum in market capitalisation
The CEO of VeChain (VET), Sunny Lu, spoke in an interview with Boxmining about the rivalry with Ethereum, the competition from big tech companies and the mass adaptation of VeChain….Lu replied that he always pays full respect to Ethereum and Vitalik, but this is also one of his goals: Well, I won’t stop until we get there….However, according to the CEO, this is not a major threat as VeChain has been on the market for nearly four years and is leading the industry with its technology: No, not really….Ultimately, the market is big enough, and VeChain has its advantages even over large tech companies: Generally speaking, I am not really worried about that kind of situation because right now the market is like so big.