Ethereum 4 Hour Price Update
Updated May 03, 2020 05:35 AM GMT (01:35 AM EST)
Ethereum is up 1.69% ($3.62) since the last 4 hour candle, marking the 5th candle in a row it has gone up. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle. Congrats to its holders!
Ethereum Daily Price Recap
Ethereum is up 1.02% ($2.17) since the previous day, marking the 2nd day in a row it has gone up. This move happened on lower volume, as yesterday’s volume was down 45.7% from the day before — and down 44.52% from the same day the week before. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during the previous day. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ethereum’s price has gone up 18 of the previous 30 trading 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 noahseidman:
Want to lend #DigiByte for 3% interest, but don’t want to sell your assets? We will be able to use $dgb as collateral in an #Ethereum wrapper, use that to collateralize a @MakerDAO vault, mint $dai, and lend dai to a market of borrowers whom over collateralize their loan.
- From XRP_OWL:
🦉If XRP isn’t “the one” than what digital asset is and why?Criteria-Can’t be Proof of Work -Must have equal current utility usage (Ethereum meets criteria but different use case) -Must be Enterprise Ready-Must have liquidity rails builtAsking for a friend 🙏
- From noahseidman:
If 14.5% of #Bitcoin market cap wants to access their equity, and choose to use $ren it would force the market cap of @renprotocol to where #Ethereum is currently. A powerful concept accessing liquidity using an asset as collateral, it reminds me of something. Ah, the real world.
As for a news story related to Ethereum getting some buzz:
NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins….We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.