Ethereum 4 Hour Price Update
Updated August 07, 2020 11:20 AM GMT (07:20 AM EST)
Ethereum came into the current 4 hour candle down 0.01% ($0.02) from the open of the last 4 hour candle, marking the 2nd candle in a row it has gone down. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ethereum Daily Price Recap
Ethereum’s 3 day positive streak has officially concluded, as the candle from yesterday closed down 1.51% ($6.05). This move happened on lower volume, as yesterday’s volume was down 33.61% from the day before — and down 14.68% from the same day 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. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 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 10 trading 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 ercwl:
I follow a lot of Bitcoin accounts and a lot of Ethereum accounts. I’m noticing that currently Ethereum accounts are a bit “stronger” than Bitcoin accounts. More articulate, more well-versed with the other side’s arguments, better at making the other side seem less knowledgeable.
- From VitalikButerin:
@Narodism @musalbas @MPtherealMVP @NickSzabo4 So you dislike the aesthetics of some people in the ethereum community (btw I’ve never done a burner party, LSD or a sex orgy) therefore ethereum has lost the plot? If I wanted to I could make similar caricatures about the whole “rah rah I’m manly because I eat steak” thing.
- From worthalter:
My @discord account was suspended this morning because I sent too many private messages to people that wanted their @poapxyz 🎖 to recall the @ethereum medalla testnet launch. Please help me making this visible to the discord support team so they know I’m no spammer 🙏🏻
In terms of news links for Ethereum here’s one to try:
Elrond Interoperability with Ethereum & Compatible Chains via xDAI Token Bridge
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Elrond NetworkWe’re excited to announce our partnership with the xDAI Stable Chain to make their Arbitrary Message Bridge compatible with Elrond….This integration will enable token transfers between the Elrond mainnet and Ethereum compatible chains, as well as smart contract calls between the different chains.