Ethereum 4 Hour Price Update
Updated July 22, 2020 01:36 AM GMT (09:36 PM EST)
Ethereum is down 0.31% ($0.77) since the last 4 hour candle, marking a reversal from the candle prior — and the end of a 6 four-hour candle positive run. 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
The choppiness in the recent daily price action of Ethereum continues; to start today, it came in at a price of 245.87 US dollars, up 4.11% ($9.71) since the day prior. As for how volume fared, yesterday’s volume was up 91.7% from the previous day (Monday), and up 97.94% from Tuesday of the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the day prior in terms of percentage price change. Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Ethereum crossed above its 20 day moving average yesterday. 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 additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From IOHK_Charles:
@RichardMcCrackn @rangerboy77 @LiberalMark @matiwinnetou @CardanoStiftung @InputOutputHK @nathan_kaiser The entire reason Voltaire exists is to take fights off of Reddit, Telegram and Twitter and to put them into a neutral framework that is meant for productive conversations. It’s a huge USP over Bitcoin and Ethereum, which will forever lack that.
- From sassal0x:
While you were all distracted by yield farming, an amazing new privacy layer for #Ethereum called Zkopru was announced.Zkopru features:- Layer 2 solution for private transactions
– Uses optimistic rollups
– Uses zk SNARK tech
– Supports ETH, ERC20 and ERC721 (NFTs!) - From 1989Hub:
_*FORSAGE SMART CONTRACT* is a very legit way of Mining the Ethereum, but the problem with most people joining the train is that *they mostly register with the wrong team* who mostly don’t have enough expertise on how to run the smart contract or aren’t loyal enough with their..
As for a news story related to Ethereum getting some buzz:
That is the function we’ll be calling to get some USDC sent to our account….Read-only functions can be called without creating a transaction and therefore without a transaction fee, unless called as part of a read-write function….Look for gimmeSome again in the contract source code and you will find that the interface is the following: It is a really simple function that does not take in any arguments, and it is marked as external, which means that this function can only be called from outside, and not from other functions within this contract….Create a new file called getTestnetUSDC.js in the src folder and enter the following code: The code first instantiates a contract object (new ethers.Contract) with the interface of the function we are interested in, gimmeSome, and points it at the address of the testnet USDC contract: 0x68ec⋯69c4….Run the code, and now you will see USDC balance as well: Now let’s check out how we can spend ETH and USDC we have in our account….Create transferUSDC.js in the same folder and enter the following: Try it out, it should work just as well: In this tutorial, you’ve learned how to generate an account, query balance, transfer tokens, and call smart contract functions.