Ethereum (ETH) Up $2.52 Over Past 4 Hours, Entered Today Down For the 3rd Day In A Row; in a Downtrend Over Past 30 Days

By March 30, 2020Ethereum
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Ethereum 4 Hour Price Update

Updated March 30, 2020 05:35 AM GMT (01:35 AM EST)

127.07 (USD) was the opening price of the four-hour candle for Ethereum, resulting in the last 4 hour candle being one in which price moved up 2.02% ($2.52) from the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.

Ethereum Daily Price Recap

Ethereum is down 5.17% ($6.79) since the previous day, marking the 3rd day in a row it has gone down. This move happened on lower volume, as yesterday’s volume was down 31.63% from the day before — and down 57.11% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the previous day in terms of percentage price change. 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 down 8 out of the past 14 days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From ljxie:

    Some interesting design challenges my friend & I ran into when working on our Ethereum smart contract- gas cost too high for end user
    – generating random number (for low values)
    – only recent 256 block hashes accessible
    – needing an oracle
    – miner frontrunning
    – txns are public

  • From RippleRiddler1:

    Here are the projects that will really help to recover thousands of companies and the word financial system after 2020 crash.XRP $XRP
    Ethereum $ETH
    Chainlink $LINK
    Unibright $UBT
    Vechain $VET

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

A previously scheduled meeting at blockchain consortium Hyperledger, about a new project called eThaler using the ethereum blockchain to create a central bank digital currency (CBDC), took on new meaning, and urgency….Such a prominent mention of digital dollars in a House bill, in relation to the Federal Reserve, means that the largest economy in the world has officially entered what is an increasingly heated race between a number of advanced projects at central banks around the world to be the first to issue this new kind of currency….A group of professionals from consulting firms Accenture and InfoSys and the Itau Bank in Brazil, have been working on the open-source project in their free time for the past six months to explore the future of central bank currency issued on a blockchain….A slide presented at today’s meeting by Bharathan, who worked for 16 years at BNP Paribas before founding blockchain startup DLT.NYC, laid out how eThaler would work. First and foremost, eThaler is being designed to be fungible, meaning regardless of what central bank might end up minting its currency using the technology, every token will have the same value as the underlying asset, regardless of whether the token had been previously used for some nefarious purpose….Specifically R3 says it is now working with the Swiss National Bank to explore a central bank digital currency for settlement; the Bank of Thailand for interbank settlement; Sweden’s Riksbank on a digital version of the Swedish krona; and the European Central Bank to explore CBDCs in Europe.

Updated March 30, 2020 05:35 AM GMT (01:35 AM EST)

127.07 (USD) was the opening price of the four-hour candle for Ethereum, resulting in […]

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