Ethereum 4 Hour Price Update
Updated August 22, 2020 01:35 AM GMT (09:35 PM EST)
Ethereum is down 1.72% ($6.85) since the previous 4 hours, marking the 5th candle in a row a decrease has occurred. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 4th since the previous 4 hours in terms of percentage price change.
Ethereum Daily Price Recap
Ethereum entered today at $387.98, down 6.74% ($28.06) from yesterday. As for how volume fared, yesterday’s volume was up 36.91% from the previous day (Thursday), and up 8.15% from Friday of 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
Moving average crossovers are always interesting, so let’s start there: Ethereum crossed below its 20 day moving average yesterday. Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethereum’s price has gone up 5 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 R_Tyler_Smith:
This took me off guard:A non-maxi friend who has always held more BTC than ETH just asked, “How can I tokenize my BTC on Ethereum, take out a Dai loan, and use the Dai to buy ETH in order to stake on ETH2.0?I asked, “Why not just sell the BTC for ETH?Response, “Taxes!”
- From FlareNetworks:
@bgarlinghouse: “Flare is combining the best of XRP (VERY fast settlement), Ethereum (smart contracts) and Avalanche (consensus) which helps extend XRP’s utility and allows developers to create smart contracts for new use cases like lending and De-Fi” #Cryptotownhall w/@tomemmer
- From SatoshiFlipper:
$ETH has a market cap of 46.8B, while just 2 of the thousands of projects that operate on top of #Ethereum make up approx 1/3 of that total market cap ( $LINK 5.6B & $Tether 10B ). Blows my mind
As for a news story related to Ethereum getting some buzz:
DeFi Differences Between Cosmos, Ethereum, Polkadot, and Wanchain? | by Huobi Global | Huobi Group | Aug, 2020 | Medium
What are the key differences between Cosmos, Ethereum, Polkadot, and Wanchain blockchains?…🔹Trade ATOM 2….DOT is the token native to Polkadot….DOTs serve four key functions in Polkadot, Governance over the network, staking, bonding, and fees….What is Eth token 1.0? Ethereum applications and contracts are powered by eth, the Ethereum network’s currency….🔹Trade ETH 4.