Ethereum (ETH) Up $0.04 On 4 Hour Chart, in a Downtrend Over Past 30 Days; Pin Bar and Evening Star Patterns Appearing on Chart

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Ethereum 4 Hour Price Update

Updated March 21, 2020 05:35 AM GMT (01:35 AM EST)

Ethereum is up 0.03% ($0.04) since the last 4 hour candle, marking the 2nd candle in a row it has gone up. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during the last 4 hour candle.

Ethereum Daily Price Recap

Ethereum enters today at 133.4 in US dollars, down 2.41% ($3.3) from the day prior. The change in price came along side change in volume that was up 34.63% from previous day, but down 41.57% from the Friday of last week. 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 the day prior. Let’s take a look at the daily price chart of Ethereum.

Ethereum Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone down 15 them. And for candlestick traders, a special treat: there are pin bar and evening star patterns showing up on the charts as well. Rejoice!

Overheard on Twitter

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

  • From RyanBerckmans:

    1/10 Ethereum’s EIP-1559 will be a huge upgrade for mass-market and advanced users.Here’s an explanation from a user perspective.TL;DR EIP-1559 makes gas pricing automatic and reliable.Thread 👇

  • From VitalikButerin:

    @robertwiblin This technique is used in ethereum to scan for logs relevant to a particular application more quickly!Love seeing compsci bleed over into totally-not-computery fields.

  • From fredodisco:

    to everyone buying bitcoin right now:1: HOLD. IT. hold that shit. forget about it for a year and check back every now and then, this is a long game welcome to the club :)2: LOOK INTO OTHER CRYPTO! Ethereum is another gr8 coin to look at, spread out ur portfoliosmart peeps😎

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

The Ethereum Classic Security Model Explained

The model is combined because it addresses the security of the operating network by using proof of work as a physical component, and the security of the social layer by using the coordination problem as a political component….As the network is more costly to attack it becomes more attractive, therefore increasing demand for decentralized computing, thus reinforcing the system….As with the proof of work component, this level of security makes the blockchain more attractive, therefore increasing demand for decentralized computing, thus further reinforcing the system.