Ethereum 4 Hour Price Update
Updated May 19, 2020 11:18 AM GMT (07:18 AM EST)
Ethereum closed the last 4 hour candle up 1.46% ($3.08); this denotes the 2nd candle in a row an upward move has occurred. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.
Ethereum Daily Price Recap
Ethereum closed the previous day up 3.74% ($7.75); this denotes the 3rd day in a row it has gone up. The change in price came along side change in volume that was up 49.32% from previous day, but down 10.04% from the Monday of last week. On a relative basis, the previous day was pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂 Below is a daily price chart of Ethereum.
Ethereum Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone up 6 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From NeerajKA:
It was only natural for Ms Rowling to find her way to ethereum. In many ways an enchanted object is akin to a smart contract. They can be used by anyone long after the enchanting wizard, or coder in the case of ethereum, has moved on. In this essay I will
- From beniaminmincu:
@jk_rowling While bitcoin and ethereum deserve some credit, they only speak of times past.One must look at #Elrond to get a glimpse of the future.Imagine you could transfer money over internet, radio, or satelite, all in an instant, and at a trivial cost.Now that’s Elrond. ☝️
- From IOHK_Charles:
@el33th4xor Lol you think? It’s taken us 5 years to get to a point where we are comfortable with what Ethereum was trying to accomplish in its first iteration. Eth2 is too much too soon and without the right foundations
In terms of news links for Ethereum here’s one to try:
Report: Ethereum users switch to XRP as a medium of exchange
In the top 10, only Ethereum and Tezos are close to BTC gains in the monthly chart, but in the weekly chart they show only slight gains….Likewise, the report concludes that the increase in tariffs and the price of gas on the Ethereum network has a direct relationship with the increase in transactions between exchanges using XRP, as shown in the image below: When ETH cost per transaction is higher, there are also more XRP cross-exchange transactions….That same day, XRP cross-exchange transactions rose 226%.
Read more:Ethereum (ETH) Up $3.08 Over Past 4 Hours, Tops All Top Cryptos to Start the Day;
