Ethereum 4 Hour Price Update

Updated August 29, 2020 01:35 AM GMT (09:35 PM EST)

Ethereum closed the last 4 hour candle down 0.72% ($2.87); this denotes the 2nd candle in a row a decline has happened. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.

Ethereum Daily Price Recap

The back and forth price flow continues for Ethereum, which started today off at 395.54 US dollars, up 3.23% ($12.36) from the previous day. This move happened on lower volume, as yesterday’s volume was down 10.79% from the day before — and down 62.89% from the same day the week before. On a relative basis, the previous day was pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂 Below is a daily price chart of Ethereum.

Ethereum Technical Analysis

Notably, the current price of Ethereum is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 17 out of the past 30 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ethereum:

  • From AlexCobb_:

    Spark is going to be one of those coins that will climb up the ladder overtime, and one day be in the top 10. Litecoin is still in the top 10 and the fucking project has failed and is dead. This is like the next ethereum, but uses XRPL tech I’m HODLing and not selling early

  • From RyanSAdams:

    Shout out to everyone who stayed in Ethereum when everyone said it was dead in 2018 and 2019Shout out to the protocol devsTo the DeFi buildersTo the ETH holdersTo the writers & educatorsTo those who never left the trenchesThe next 12 months will be good to you

  • From EthereumOnARM:

    We went from a brand new #RaspberryPi 4 to an #Eth2 node up & running in 14 minutes. This includes flashing the MicroSD, creating the validator key, getting ETH / making the 32 ETH deposit & running both beacon chain and validator clients (Eth1 node starts by default).#ethereum

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

Baseline Protocol brightens horizons for Ethereum enterprise adoption

While private blockchain networks are efficient for sharing sensitive data between network participants, public blockchain networks like Ethereum are gaining traction for organizations seeking data integrity….“Enterprise data can be kept in traditional databases, while the Ethereum mainnet is leveraged as a consistency state machine,” he explained.

(Excerpt) Read more Here | 2020-08-28 18:36:00
Image credit: source


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.