Ethereum (ETH) Down $0.52 Over Past 4 Hours, Started Today Up 0.7%; in an Uptrend Over Past 90 Days

By August 26, 2020Ethereum
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Ethereum 4 Hour Price Update

Updated August 27, 2020 01:35 AM GMT (09:35 PM EST)

Ethereum is down 0.13% ($0.52) since the last 4 hour candle, marking the 2nd consecutive candle a decline has happened. 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 entered today at $386.02, up 0.7% ($2.68) from yesterday. This move happened on lower volume, as yesterday’s volume was down 48.96% from the day before — and down 45.98% 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. Let’s take a look at the daily price chart of Ethereum.

ETH

Ethereum Technical Analysis

Notably, the current price of Ethereum is sitting close to its 20 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 down. For another vantage point, consider that Ethereum’s price has gone down 6 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From FlareNetworks:

    2/ This would allow FXRP to be used trustlessly on Ethereum as well as providing a scaling platform for Ethereum tokens and applications whilst giving access to the XRP market for existing Ethereum applications. This could bring together the #XRP and #Ethereum ecosystems.

  • From nanexcool:

    I’m going to be taking some time to chill and figure what comes next.I yam in a good position where I don’t have to rush any decision.I’ll be helping out projects here and there, investing in cool stuff, and hanging on Twitter.Whatever I do next, it’ll be on #Ethereum

  • From ErikVoorhees:

    Such drama @lopp did nothing wrong by advising INX, receiving shares, and profiting from a later listing of the asset. He’s smart and honest, good for him.Maxi’s are just pissed it’s built on Ethereum, which says more about Maxi’s than it does about Lopp, INX, or Ethereum.

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

In the meantime, XRP will substantially extend the number of its use cases….Despite its affiliation with Ripple, Flare is not wed to XRP, and other cryptocurrencies are expected to join the network. Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption….Disclaimer: Any financial and market information given on u.today is written for informational purpose only….Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site.

Updated August 27, 2020 01:35 AM GMT (09:35 PM EST)

Ethereum is down 0.13% ($0.52) since the last 4 hour candle, marking the 2nd […]

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