Ethereum 4 Hour Price Update

Updated August 10, 2020 07:24 AM GMT (03:24 AM EST)

Ethereums 3 four-hour candle positive streak has officially concluded, as the candle from the previous 4 hours closed down 0.41% ($1.65). Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during the previous 4 hours.

The choppiness in the recent daily price action of Ethereum continues; to start today, it came in at a price of 390.28 US dollars, down 1.83% ($7.28) since the previous day. The price move occurred on volume that was up 12.22% from the day prior, but down 72.95% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the previous day in terms of percentage price change. The daily price chart of Ethereum below illustrates.

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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 6 out of the past 10 days.

Behold! Here are the top tweets related to Ethereum:

Nobody wants DeFi to run on shitty consensus systems that are prone to all kinds of abuse, $EOS cartels are a good example, $TRX is a joke and $ADA is still far far awayEthereum still wins in that regard which is why DeFi is built on EthereumTo win, governance will be key

The creator of Ethereum cant confidently tell you what the total supply of ETH is, what it will be in the near or medium term, nor what it will be in the long term.Only that there will be more created based on his & his cronies subjectivity. This isnt crypto, its fiat.

One good thing that came out of this, imo, is that it helps shed light on the differences between the two communities.Hardliner bitcoiners dont understand Ethereum people at all, and vice versa. Its really quite amusing, given how obsessed the 2 camps are with each other /12

For a longer news piece related to ETH thats been generating discussion, check out:

Vitalik Buterin highlights the importance of EIP-1559 to Ethereums supply | CryptoSlate

If youve been following Ethereum over recent months, the term EIP-1559 has likely come up many times.CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article.None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. 2020 CryptoSlate.

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Ethereum (ETH) Down $0.53 Over Past 4 Hours, Tops All Top Cryptos to Start the Day; in an Uptrend Over Past 14 Days - CFDTrading