Ethereum (ETH) Up $1.25 in Last 4 Hours, Moves Down For the 2nd Day In A Row; Breaks Below 20 and 50 Day Averages

Ethereum 4 Hour Price Update

Updated July 17, 2020 01:36 AM GMT (09:36 PM EST)

The choppiness in the recent four-hour candle price action of Ethereum continues; to start the current 4 hour candle, it came in at a price of 233.48 US dollars, up 0.54% ($1.25) since the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 4th since the last 4 hour candle in terms of percentage price change.

Ethereum Daily Price Recap

Ethereum came into today down 2.02% ($4.81) from the open of the day prior, marking the 2nd day in a row a decline has happened. The change in price came along side change in volume that was up 43.13% from previous day, but down 0.45% from the Thursday of last week. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the day in terms of price change relative to the day prior. The daily price chart of Ethereum below illustrates.

Ethereum Technical Analysis

First things first: Ethereum crossed below its 20 and 50 day moving averages yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethereum’s price has gone down 7 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From timoharings:

    But in order to get the big bucks you have to be first or smarter than the others. And for that you need to read a lot. You have seen it all happening with Ethereum in 2016 and 2017. Another kind of step that happened back then with the introduction of smart contracts, something

  • From cburniske:

    Even if it ends up being a lazy summer, odds are it’s a crazy fall. Q4 2020:
    $BTC post-halving push
    @Ethereum PoS phase 0
    @Polkadot fully functional
    @Libra_ launching
    $DCRDEX wild
    $ZEC halving
    #DeFi > $5B
    US Election What else?

  • From winklevoss:

    Fascinating to see $LINK doing more volume on @Gemini than $ETH yesterday, given that it’s a layer 2 token built on top of Ethereum. Equivalent of Zynga $ZNGA trading more than Facebook $FB.

In terms of news links for Ethereum here’s one to try:

After 500% rally, Chainlink (LINK) just passed Ethereum in this crucial metric | CryptoSlate

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