Ethereum 4 Hour Price Update
Updated September 17, 2020 01:36 AM GMT (09:36 PM EST)
The back and forth price flow continues for Ethereum, which started the current 4 hour candle off at 367.36 US dollars, up 0.56% ($2.06) from the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ethereum Daily Price Recap
The back and forth price flow continues for Ethereum, which started today off at 365.19 US dollars, up 0.27% ($1) from the previous day. This move happened on lower volume, as yesterday’s volume was down 15.9% from the day before — and down 32.27% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of price change relative to the previous day. Below is a daily price chart of Ethereum.
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 90 day horizon; over that time period, price has been moving up. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 30 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. For additional context, note that price has gone up 9 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From DaveLevine0com:
If @UniswapProtocol is bigger than @coinbase and Coinbase is worth $8 billion; then how much is ETH worth? Uniswap is just one of thousands of dapps on Ethereum. ETH is used to secure the network and pay for transactions. Ethereum is at least 10x more valuable than Coinbase.
- From vajolleratzii:
Instead of buying a Porsche I’m just going buy #Ethereum on this next dip $100k now is over $1m a year from now I haven’t had a car yet so I’m sure I’ll do just fine. Stack those sats Brothers and Sisters💰🚀
- From crypt0snews:
Low risk = Buy Bitcoin & EthereumMedium Risk = Buy “xyz” DeFi Governance TokenHigh Risk = “Farm” today’s most popular food token, for yield Insane Risk = Take out a bank loan to buy tokens to stake, hoping that the 1000% APY holds up long enough for you to pay-off the loan.
In terms of news links for Ethereum here’s one to try:
Payments giant VISA made public its efforts to incorporate cryptocurrencies such as Bitcoin (BTC) into its payments network….The payment company said it has been working with regulated entities, including Coinbase and Fold, to create a bridge between digital currencies and its payment network….Visa says: Through these efforts, Visa has become the preferred network for digital currency wallets, which are eager to deepen their value to users by making it quicker and easier to spend digital currency worldwide….Another step that Visa highlighted as an important part of its expansion into crypto payments involves an investment to Anchorage.