Ethereum 4 Hour Price Update

Updated August 07, 2020 07:19 PM GMT (03:19 PM EST)

Ethereum is down 2.44% ($9.42) since the last 4 hour candle, marking the 2nd candle in a row a decline has happened. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Ethereum is down 1.51% ($6.05) since the previous day, marking a reversal from the day prior and the end of a 3 day positive run. This move happened on lower volume, as yesterdays volume was down 33.61% from the day before and down 14.68% from the same day the week before. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous day. Lets take a look at the daily price chart of Ethereum.

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 another vantage point, consider that Ethereums price has gone up 19 of the previous 30 trading days.

Behold! Here are the top tweets related to Ethereum:

@Narodism @musalbas @MPtherealMVP @NickSzabo4 So you dislike the aesthetics of some people in the ethereum community (btw Ive never done a burner party, LSD or a sex orgy) therefore ethereum has lost the plot? If I wanted to I could make similar caricatures about the whole rah rah Im manly because I eat steak thing.

I follow a lot of Bitcoin accounts and a lot of Ethereum accounts. Im noticing that currently Ethereum accounts are a bit stronger than Bitcoin accounts. More articulate, more well-versed with the other sides arguments, better at making the other side seem less knowledgeable.

My @discord account was suspended this morning because I sent too many private messages to people that wanted their @poapxyz to recall the @ethereum medalla testnet launch. Please help me making this visible to the discord support team so they know Im no spammer

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

Elrond Interoperability with Ethereum & Compatible Chains via xDAI Token BridgeElrond Network

Were excited to announce our partnership with the xDAI Stable Chain to make their Arbitrary Message Bridge compatible with Elrond.This integration will enable token transfers between the Elrond mainnet and Ethereum compatible chains, as well as smart contract calls between the different chains.

See original here:

Ethereum (ETH) Down $9.42 Over Past 4 Hours, Fares the Worst Out of Top Cryptos to Start the Day; 3 Day Up Streak Snapped - CFDTrading