Ethereum (ETH) Down $24.55 Over Past 4 Hours, Came Into Today Down For the 2nd Day In A Row; in an Uptrend Over Past 30 Days

Fibo Quantum

Ethereum 4 Hour Price Update

Updated May 10, 2020 03:18 AM GMT (11:18 PM EST)

Ethereum is down 11.68% ($24.55) since the previous 4 hours, marking the 3rd candle in a row a decrease has occurred. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.

Ethereum Daily Price Recap

Ethereum closed the day prior down 0.68% ($1.44); this denotes the 2nd day in a row a decrease has occurred. The change in price came along side change in volume that was down 29.65% from previous day, but up 34.07% from the Saturday 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. Here is a daily price chart of Ethereum.

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 up over that time. For additional context, note that price has gone down 8 out of the past 14 days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:

  • From econoar:

    The crypto space is sleeping on eth2. “It will never ship!” is the common theme.Meanwhile, in Ethereum circles I’m in the conversation is all about people buying staking hardware, joining the testnet and preparing for launch. This is going to be fun.

  • From safetyth1rd:

    .@VitalikButerin founded Bitcoin Magazine.I think this fact is important for both Bitcoiners and Etherians to digest. The core values that drive #Ethereum and #Bitcoin are not all that different — and the end goals are the same.

  • From ChainlinkV:

    The Chainlink external initiator Github repository has just been made public, and this allows users to initiate job runs from external blockchains. For instance, from the Tezos blockchain, you could ask a Chainlink node running on Ethereum to give you the ETH/USD price.

As for a news story related to Ethereum getting some buzz:

Celer Launches Orion Mainnet Upgrade: Ready for Large-scale Node Expansion on Ethereum Layer-2 – Celer Network

To be the first to join the growing Ethereum layer-2 scaling network, you can simply go through these four steps: If a node operator chooses to report your node status to the state channel network explorer, you will see that node popping up in Celer Network Explorer….OSPs as state channel routers periodically broadcast route updates (info of connection and off-chain balance with peers) to the network….Clients have the option to sync state channel state with OSP.