Ethereum 4 Hour Price Update
Updated September 12, 2020 11:18 AM GMT (07:18 AM EST)
The back and forth price flow continues for Ethereum, which started the current 4 hour candle off at 369.67 US dollars, up 0.28% ($1.02) from the last 4 hour candle. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.
Ethereum Daily Price Recap
Ethereum closed yesterday up 1.6% ($5.9); this denotes the 3rd consecutive day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 34.79% from the day before — and down 32.45% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since yesterday. Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
Coming into today Ethereum is now close to its 20 and 50 day averages, located at 388.25 and 383.07 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 14 and 30 day timeframes, where price is headed down. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For additional context, note that price has gone up 18 out of the past 30 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From QwQiao:
Having played around with synthetic BTCs I’ve come to the conclusion that having BTC on Ethereum is incredibly bullish for BTC long term. It allows BTC to interact in a *highly programmatic* way as a reserve currency with other financial apps. It brings more liveliness to BTC.
- From JamesSpediacci:
*Uniswap finally makes using a DEX on Ethereum an enjoyable experience and a triumph for decentralization*SBF, Band CTO, CZ, and probably Justin Sun:
“Let’s collude to destroy it and make a centralized version so we make more money hehehe”SBF fanboys: “he’s such a genius <3” - From iamDCinvestor:
$YFI listed on Coinbase Pro is only the start. Eventually, it will end up on Coinbase.The super-high nominal token value will draw eyes, and interest. People will want to know what it’s about.And it will pull a new generation of users & investors into Ethereum DeFi overall.
For a longer news piece related to ETH that’s been generating discussion, check out:
Ethereum 2.0 is coming, unlikely to speed up enterprise DeFi adoption
According to Lubin, Ethereum 1.0 is a staking platform that enables the launch of Ethereum 2.0, which uses a proof-of-stake consensus mechanism….While enterprise adoption of Ethereum 2.0 may take a few years, it’s interesting to note that the idea of staking is gaining traction.
