Ethereum (ETH) Up $0.51 On 4 Hour Chart, Entered Today Up 1.97%; in a Downtrend Over Past 30 Days

Fibo Quantum

Ethereum 4 Hour Price Update

Updated March 27, 2020 05:35 AM GMT (01:35 AM EST)

Ethereum closed the previous 4 hours up 0.37% ($0.51); this denotes the 3rd candle in a row it has gone up. 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

The choppiness in the recent daily price action of Ethereum continues; to start today, it came in at a price of 138.97 US dollars, up 1.97% ($2.69) since yesterday. This move happened on lower volume, as yesterday’s volume was down 29.51% from the day before — and down 68.9% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the day in terms of price change relative to yesterday. The daily price chart of Ethereum below illustrates.

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 down over that time. For another vantage point, consider that Ethereum’s price has gone up 8 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From LomahCrypto:

    No music in the car until Ethereum is sub $100 again.

  • From shamim_fabric:

    #energi #ethereum #bitcoin tag 5 friends
    @cctip_io draw 10000 nrg 500
    Draw will happen at 12 pm today

  • From metalpaysme:

    With a transaction per second (TPS) rate of 2,000, the Tron network is faster than most other cryptocurrencies.For comparison, the Ethereum network offers 25 TPS, and Bitcoin has 3-6 TPS.This high TPS is part of why we thought $TRX was perfect for the Metal Pay Marketplace.

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

Trillion-Dollar Stimulus Jumpstarts Project To Issue Central Bank Currency On Ethereum

A previously scheduled meeting at blockchain consortium Hyperledger, about a new project called eThaler using the ethereum blockchain to create a central bank digital currency (CBDC), took on new meaning, and urgency….Such a prominent mention of digital dollars in a House bill, in relation to the Federal Reserve, means that the largest economy in the world has officially entered what is an increasingly heated race between a number of advanced projects at central banks around the world to be the first to issue this new kind of currency….A group of professionals from consulting firms Accenture and InfoSys and the Itau Bank in Brazil, have been working on the open-source project in their free time for the past six months to explore the future of central bank currency issued on a blockchain….A slide presented at today’s meeting by Bharathan, who worked for 16 years at BNP Paribas before founding blockchain startup DLT.NYC, laid out how eThaler would work.  First and foremost, eThaler is being designed to be fungible, meaning regardless of what central bank might end up minting its currency using the technology, every token will have the same value as the underlying asset, regardless of whether the token had been previously used for some nefarious purpose….Specifically R3 says it is now working with the Swiss National Bank to explore a central bank digital currency for settlement; the Bank of Thailand for interbank settlement; Sweden’s Riksbank on a digital version of the Swedish krona; and the European Central Bank to explore CBDCs in Europe.