Ethereum 4 Hour Price Update
Updated August 26, 2020 07:19 PM GMT (03:19 PM EST)
387.73 (USD) was the opening price of the four-hour candle for Ethereum, resulting in the last 4 hour candle being one in which price moved down 0.68% ($2.67) from the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ethereum Daily Price Recap
The back and forth price flow continues for Ethereum, which started today off at 383.34 US dollars, down 6.05% ($24.69) from yesterday. The price move occurred on volume that was down 4.8% from the day prior, but up 64.36% from the same day the week before. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during yesterday. Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
Notably, Ethereum crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 6 out of the past 10 days. Price action traders may wish to observe the bearish engulfing pattern that has emerged over the past two trading days; in light of the uptrend on the 90 and 30 day charts this may be particularly noteworthy, as it may signal the uptrend is cooling and ready to reverse.
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 FlareNetworks:
2/ This would allow FXRP to be used trustlessly on Ethereum as well as providing a scaling platform for Ethereum tokens and applications whilst giving access to the XRP market for existing Ethereum applications. This could bring together the #XRP and #Ethereum ecosystems.
- From nanexcool:
I’m going to be taking some time to chill and figure what comes next.I yam in a good position where I don’t have to rush any decision.I’ll be helping out projects here and there, investing in cool stuff, and hanging on Twitter.Whatever I do next, it’ll be on #Ethereum 🚀
- From ErikVoorhees:
Such drama 😂 @lopp did nothing wrong by advising INX, receiving shares, and profiting from a later listing of the asset. He’s smart and honest, good for him.Maxi’s are just pissed it’s built on Ethereum, which says more about Maxi’s than it does about Lopp, INX, or Ethereum.
For a longer news piece related to ETH that’s been generating discussion, check out:
Ripple Partner Flare Wants to Bring Together XRP and Ethereum Ecosystems
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