Ethereum 4 Hour Price Update
Updated August 18, 2020 03:19 PM GMT (11:19 AM EST)
Ethereum closed the previous 4 hours down 0.54% ($2.31); this denotes the 6th candle in a row a decline has happened. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.
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 431.26 US dollars, down 0.6% ($2.59) since yesterday. As for how volume fared, yesterday’s volume was up 19.89% from the previous day (Sunday), and up 20.67% from Monday of the week before. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during yesterday. Let’s take a look at the 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 another vantage point, consider that Ethereum’s price has gone up 8 of the previous 14 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From RaoulGMI:
#Bitcoin is currently the superior trade and should remain so for a while. I like both but Im personally adding to BTC and not to gold and have a much larger weighting. I also like Ethereum, which could continue to outperform $BTC for a while still.
- From beniaminmincu:
@SBF_Alameda @Sadiq_ali_ @AlexSaundersAU @omgnetworkhq @ethereum @bitfinex @HuobiGlobal @FTX_Official @binance @coinbase @cz_binance @brian_armstrong @VitalikButerin @paoloardoino @kaiynne @Tether_to @ElrondNetwork Elrond has a TPS of *5.4k/shard*, with built-in adaptivity allowing to easily exceed 50k TPS if needed.
Current mainnet setup can process 15k TPS NOW, but design enables elegant real time setup update to increase throughput based on demand.
Happy to have a more detailed chat.
- From JackMallers:
The ETH lost in the various bugs was predicted by many Bitcoin devs _years_ ago because of the very obvious tradeoffs Ethereum makes. Many have been warning others, like I am attempting to do now, simply to try and put an accurate disclaimer on the experiment that is Ethereum.
As for a news story related to Ethereum getting some buzz:
Ethereum 2.0 Testnet Crashes – Trustnodes
Everyone on Prysm got slashed here because there was some sort of error with a time synchronizer going four hours into the future, giving an error: “WARN roughtime: Roughtime reports your clock is off by more than 2 seconds offset=4h0m0.028854657s.” Apparently “the nodes connect to a NTP server to sync their time and they returned wrong values….The solution was to not forcibly adjust people’s time based on roughtime but instead log errors telling them their time is off.” So this little bug brought the whole thing down, with the last slot (block) bearing yesterday’s date: Other clients are fine with one solution being to switch to another client, but the bug has now been fixed.