Ethereum (ETH) Down $0.85 On 4 Hour Chart, 4 Day Down Streak Ended; in an Uptrend Over Past 30 Days

By May 7, 2020Ethereum
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Ethereum 4 Hour Price Update

Updated May 08, 2020 01:35 AM GMT (09:35 PM EST)

Ethereum entered the current 4 hour candle at 212.39 in US dollars, down 0.4% ($0.85) from the previous 4 hours. 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 previous 4 hours.

Ethereum Daily Price Recap

Ethereum is up 6.66% ($13.27) since yesterday, marking a reversal from the day prior — and the end of a 4 day negative run. The change in price came along side change in volume that was up 57.06% from previous day, but down 32.06% from the Thursday of last week. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since yesterday in terms of percentage price change. Let’s take a look at the 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 up over that time. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 17 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ethereum:

  • From TrustlessState:

    The only way and “Ethereum Killer” could actually kill Ethereum is by building a better ETH 2, and then using the ETH 1 state for account balances at Genesis. Which would mean no new tokens for VCs, which would invalidate the whole motivation behind the Ethereum killer anyways

  • From CyPhlux:

    Remember when the top 3 tokens were #btc #Ethereum #LTC ? What ever happened to LTC? The media and everything mainstream had the hots for all three.. Now the new 3rd asset isn’t even talked about. Infact its skipped over… Its like there’s an elephant in the room made of glass..

  • From TylerDurden:

    I’m sat in a coffee shop – reading and being nosey – and the guy on the table next to me is seemingly trying to convince his friend to buy Ethereum and Monero.If he mentions XRP I’ll step in.

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

ETH 2.0’s highly anticipated revamp is expected to begin rolling out in a matter of months, but scaling solutions and gas-free transactions have already arrived….Ethereum 2.0 is expected to launch within months, but new scaling solutions and gas-free transactions are already here.

Updated May 08, 2020 01:35 AM GMT (09:35 PM EST)

Ethereum entered the current 4 hour candle at 212.39 in US dollars, down 0.4% […]

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