Ethereum 4 Hour Price Update
Updated April 03, 2020 05:35 AM GMT (01:35 AM EST)
Ethereum is up 0.88% ($1.25) since the last 4 hour candle, marking the 8th candle in a row an upward move has occurred. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ethereum Daily Price Recap
Ethereum is up 4.07% ($5.54) since the day prior, marking the 4th day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 115.37% from the day prior, and up 72.18% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the day prior. Congrats to its holders! Here is a daily price chart of Ethereum.
Ethereum Technical Analysis
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 30 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 16 out of the past 30 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 WeissCrypto:
#Cardano is one of the most complex cryptos we’ve rated. Like other 3rd gen cryptos, Cardano aspires to be a new and improved version of #Ethereum.
- From zhusu:
So goldbags used to say bitcoin sucks but if gold were on the blockchain–that’d be awesome.Well we have PAXG (Paxos) and XAUt (Tether) gold now tokenized on Ethereum and they’re both pretty liquid.@PeterSchiff
- From econoar:
Ethereum will hit block 10,000,000 approximately 31 days from now.Feels like a good excuse for another virtual hangout/party.
As for a news story related to Ethereum getting some buzz:
Ethereum will eat Wall Street’s settlement layer – Bankless
Was this $39.7m corporate bond issued on ETHEREUM?…Why Ethereum?…When I talked with the founder, Nelson Chu, I asked him “Why place these deals on Ethereum?” He stated that they use Ethereum so that each person’s wallet serves as a “complete reflection of their transaction activity, it becomes a perfect audit trail.” Think about that!…On mainnet. Each investor gets their own ethereum address with ERC-20 tokens that represent their allocation of the specific investment….On. Ethereum….They can lower the cost of these deals, provide auditability, and automate their backend with Ethereum today. Not every business needs to be a DeFi business.