Ethereum (ETH) Up $3.21 On 4 Hour Chart, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

Ethereum 4 Hour Price Update

Updated August 28, 2020 01:36 AM GMT (09:36 PM EST)

The back and forth price flow continues for Ethereum, which started the current 4 hour candle off at 381.49 US dollars, up 0.85% ($3.21) 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 entered today at $383.18, down 0.74% ($2.84) from the previous day. The change in price came along side change in volume that was up 6.93% from previous day, but down 43.04% from the Thursday of last week. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the previous day. Here is a daily price chart of Ethereum.

Ethereum Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone down 8 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

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 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.

• From sentosumosaba:
  

  @AlexSaundersAU XRP also eliminates the Nostro accounts. Secondly, Quorum is a variant, called a “fork”, of the Ethereum codebase. The maximum achievable load on the system was 900 tx/sec beyond which the system failed to reach consensus. Evaluation link provided prior tweet 2/4

• From antiprosynth:
  

  $ETH and a small percentage of #DeFi tokens in a bull market. 📈$DAI and other stablecoins in a bear market. 📉You never have to leave #Ethereum ⟠ $ETH for either. 🤯So why do we need $BTC again? 🤔And are CEXs becoming mere #Ethereum ⟠ $ETH onboarding vessels? 👀

In terms of news links for Ethereum here’s one to try:

Ripple Partner Flare Network Proposes to Bridge XRP and Ethereum Ecosystems – Crypto Gazette

Flare’s importance for improving XRP’s utility was recently highlighted by Ripple CEO Brad Garlinghouse during the first crypto townhall: “From my point of view, Flare is combining the best of XRP (very fast settlement), Ethereum (smart contracts), and Avalanche (for consensus) which helps extend XRP’s utility and allows developers to create smart contracts for new use cases like lending and DeFi.”    The blockchain has its own token known as Spark (FXRP) that portrays the XRP token on the Flare network….“The FXRP system is a set of financial mechanisms encoded in smart contracts that enables XRP holders to create and redeem a 1:1 representation of the XRP token on the Flare Network, called FXRP,” the description of the token says.