Ethereum 4 Hour Price Update
Updated August 15, 2020 01:35 AM GMT (09:35 PM EST)
Ethereum’s 4 four-hour candle positive streak has officially concluded, as the candle from the previous 4 hours closed down 0.35% ($1.55). Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the previous 4 hours in terms of percentage price change.
Ethereum Daily Price Recap
Ethereum closed the previous day up 3.19% ($13.54); this denotes the 3rd day in a row an increase has occurred. The change in price came along side change in volume that was down 4.95% from previous day, but up 30.2% from the Friday of last week. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 21 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 VitalikButerin:
Reminder: you do NOT have to participate in “the latest hot defi thing” to be in ethereum. In fact, unless you *really* understand what’s going on, it’s likely best to sit out or participate only with very small amounts.There are many other kinds of ETH dapps, explore them!
- From BTC_JackSparrow:
Bitcoin and Ethereum are a week out from punishing some alt euphoria if my thesis is correctI sincerely hope Litecoin joins the parteeeh this timeIn one week I am back at my desk – you have no idea how much catching up I have to do
- From LomahCrypto:
I’m also of the belief that all those “Ethereum killers” are a bit too late.I’m seeing everything that’s being built around ETH. DeFi, Uniswap, DEXs, ETH 2.0 etc.There might be Ethereum competitors but I think the gap now is a bit too big to be overlapped. Just my 2 vits
For a longer news piece related to ETH that’s been generating discussion, check out:
Is Chainlink the next Ethereum? – Asia Times
Asia Times
Covering geo-political news and current affairs across Asia Chainlink (LINK) has been going absolutely parabolic lately – shooting past $18 before falling down to $16.88 at the time of writing – and it is now the fifth-biggest crypto by market cap, according to CoinMarketCap….LINK holders may be moving their tokens to exchanges to take profits as the last time an ATH for this metric was recorded the price was at $4.51, the token’s highest at the time, Cointelegraph reported.