Ethereum 4 Hour Price Update
Updated April 26, 2020 07:18 AM GMT (03:18 AM EST)
The end of a 3 four-hour candle positive run has come for Ethereum, which finished the last 4 hour candle down 0.5% ($0.97). 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 3.56% ($6.69) since yesterday, marking the 5th day in a row an upward move has occurred. The change in price came along side change in volume that was up 19.83% from previous day, but down 25.61% from the Saturday of last week. Ethereum outperformed all 5 assets in the Top Cryptos asset class since yesterday. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Notably, the current price of Ethereum is sitting close to its 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 9 out of the past 14 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 ChainlinkP:
Idea. Create a simple message board style website. Create an ERC20 token for it. Send that token to the top 500 or 1000 holder addresses of an #Ethereum token ( $ETH, $LINK, etc.). Use @UnlockProtocol for access w the token. Congrats. You just made a whale only message board.
- From ChainLinkGod:
@Chainlink is the clear industry leader for building/connecting to decentralized oracles that can meet the specialized needs of any developer or enterpriseFlexibility and network effects are king, #Chainlink is as far ahead in the oracle game as #Ethereum is in the SC game
- From ColeGotTweets:
EIP-1559 will drastically improve the economics of $ETH by burning a portion of ETH in every transaction. When implemented, Ethereum network usage will result in direct value accrual.
In terms of news links for Ethereum here’s one to try:
It brings confidence to see that EY came forward with their solid team of blockchain experts, architects and developers publicly speaking about their work on the public Ethereum blockchain….Still, working with a public blockchain network will need more than Baseline in order to succeed: it will require a set of new regulatory frameworks and stable blockchain protocols with established interoperability services between them….My coverage includes weekly I am an enterprise blockchain architect based in New York.