Ethereum 4 Hour Price Update

Updated September 09, 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 337.46 US dollars, up 0.95% ($3.18) since the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 4th since the last 4 hour candle in terms of percentage price change.

Ethereum Daily Price Recap

337.45 (USD) was the opening price of the day for Ethereum, resulting in the day prior being one in which price moved down 4.59% ($16.25) from the day prior. This move happened on lower volume, as yesterday’s volume was down 6.59% from the day before — and down 44.38% from the same day 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 the day prior. Here is a daily price chart of Ethereum.

Ethereum Technical Analysis

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 9 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From TheCryptoLark:

    Here’s why I am UBER bullish on Polka $dot and its ecosystem.
    1 – Developed by original Ethereum CTO Gavin Wood.
    2 – Interoperability is key focus
    3 – Sick #crypto staking reward
    4 – Highly scalable thanks to parachains
    5 – Massive #defi ecosystem growing
    6 – Hype only starting

  • From Crypto___Oracle:

    Within a few years people will view Chainlink as just as vital to building smart contracts as Ethereum because not only will contracts require oracles for connecting w/ off-chain resources but may dApps will run off-chain computation & Chainlink will be the market leader in it.

  • From rektcapital:

    Everything is retracingSo if you missed the $BTC, $ETH, or $LTC rallies over the past few weeks…You’re getting another chance to buy each at cheaper pricesBecause weeks from now – chances are they will go upNow it’s just a matter of timing your entry#Ethereum #Bitcoin

For a longer news piece related to ETH that’s been generating discussion, check out:

Binance Futures to Launch New Perpetual Contracts for XRP and Ethereum Classic (ETC): Details

Binance Futures, the futures trading platform of the world’s largest cryptocurrency exchange by reported trading volumes, is set to launch two new perpetual contracts for XRP and Ethereum Classic (ETC), according to its Tuesday announcement.   XRP made its debut on the Binance Futures platform back in January….    As reported by U.Today, Binance also added options contracts for XRP and Ethereum in late May.

(Excerpt) Read more Here | 2020-09-08 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.