Ethereum (ETH) Up $0.52 On 4 Hour Chart; 4 Day Down Streak Ended

By May 13, 2020Ethereum
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Ethereum 4 Hour Price Update

Updated May 13, 2020 01:35 AM GMT (09:35 PM EST)

Ethereum entered the current 4 hour candle at 190.29 in US dollars, up 0.27% ($0.52) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the last 4 hour candle in terms of percentage price change.

Ethereum Daily Price Recap

Ethereum is up 2.16% ($4.02) since yesterday, marking a reversal from the day prior — and the end of a 4 day negative run. This move happened on lower volume, as yesterday’s volume was down 44.91% from the day before — and down 13.89% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the day in terms of price change relative to yesterday. Below is a daily price chart of Ethereum.

Ethereum Technical Analysis

Coming into today 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. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. 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 IamCryptoWolf:

    Halving is done ! Congratulations. Now lets move on for the event of the decade. Ethereum 2.0 is on track to launch in July, bringing proof of stake and new scalability features to the network !

  • From CryptoFights:

    @1enjin @HuntersofRio @santoshroy @enjin They are paying us with technology that can do a LOT more than ethereum. We used and developed with ethereum for years before moving to BSV. We are not just doing items on-chain but our backend which is a huge deal in the blockchain gaming space. Everyone is doing layer 2 tech.

  • From Arturo_P_A:

    May 11, 2020.@FlareNetworks announced the launch of the “Coston Test Network”.Over the next quarter, Flare will be working to integrate #XRP with its Avalanch-based Turing-complete FBA sytem that leverages the Ethereum Virtual Machine to offer support for smart contracts.

In terms of news links for Ethereum here’s one to try:

On May 11, Chainlink (Link) announced the launch of a verifiable random function (VRF) that enables generation of on-chain trusted randomness….Until now, even decentralized applications had to rely on a centralized source of randomness.

Updated May 13, 2020 01:35 AM GMT (09:35 PM EST)

Ethereum entered the current 4 hour candle at 190.29 in US dollars, up 0.27% […]

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