Ethereum 4 Hour Price Update
Updated April 05, 2020 05:35 AM GMT (01:35 AM EST)
Ethereum closed the previous 4 hours up 0.01% ($0.02); this denotes the 4th candle in a row an upward move has occurred. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the previous 4 hours in terms of percentage price change.
Ethereum Daily Price Recap
The choppiness in the recent daily price action of Ethereum continues; to start today, it came in at a price of 144.49 US dollars, up 2.15% ($3.04) since yesterday. This move happened on lower volume, as yesterday’s volume was down 36.13% from the day before — and down 37.93% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! The daily price chart of Ethereum below illustrates.
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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For another vantage point, consider that Ethereum’s price has gone up 15 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From RyanSAdams:
I don’t care what anyone saysI like BitcoinIt was a good attempt at Ethereum
- From udiWertheimer:
YouTube is said to be working on a TikTok competitor named “Shorts”.It sounds like an Ethereum competitor to me
- From gualestrit:
📌Resumen SemanalDow Jones -2.7%
S&P 500 -2.1%
Russell 2k -7.2%
CBOE VIX -28.6%EUR/USD -3.00%
GBP/USD -1.58%Bitcoin +6.7%
Ripple +3.9%Crudo WTI +34.7%
In terms of news links for Ethereum here’s one to try:
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.