Ethereum 4 Hour Price Update
Updated July 18, 2020 01:35 AM GMT (09:35 PM EST)
The choppiness in the recent four-hour candle price action of Ethereum continues; to start the current 4 hour candle, it came in at a price of 233.2 US dollars, up 0.06% ($0.13) since the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the previous 4 hours in terms of percentage price change.
Ethereum Daily Price Recap
Ethereum came into today down 0.36% ($0.84) from the open of the previous day, marking the 3rd day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 48.48% from the day before — and down 22.85% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of price change relative to the previous day. Below is a daily price chart of Ethereum.
Ethereum Technical Analysis
The first thing we should note is that Ethereum is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone down 7 them.
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 RyanSAdams:
If you’re building a DeFi protocol on Ethereum it’s inherently global. Do you realize how powerful that is?Regardless of nation state politics, regardless of the walls they construct between us, the citizens of the world have a way to coordinate as long as Ethereum remains
- From winklevoss:
Fascinating to see $LINK doing more volume on @Gemini than $ETH yesterday, given that it’s a layer 2 token built on top of Ethereum. Equivalent of Zynga $ZNGA trading more than Facebook $FB.
- From peter_szilagyi:
Huh, apparently the all-time cumulative trade volume of #Ethereum is almost $6.5 trillion (source: coinmarketcap). That number is simply incomprehensible.This system I helped a bit build trades my home country’s entire GDP in a single month. 🤯😱🤪
As for a news story related to Ethereum getting some buzz:
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