Ethereum (ETH) Up $1.26 Over Past 4 Hours, Fares the Worst Out of Top Cryptos to Start the Day; Came Into Today Down For the 3rd Day In A Row

Ethereum 4 Hour Price Update

Updated July 12, 2020 01:36 AM GMT (09:36 PM EST)

Ethereum entered the current 4 hour candle at $239.32, up 0.53% ($1.26) from 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 is down 0.81% ($1.96) since yesterday, marking the 3rd day in a row it has gone down. This move happened on lower volume, as yesterday’s volume was down 45.9% from the day before — and down 13.53% 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 yesterday. Let’s take a look at the daily price chart of Ethereum.

Ethereum Technical Analysis

Notably, Ethereum is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. 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 additional context, note that price has gone down 19 out of the past 30 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ethereum:

  • From PeterSchiff:

    The Grayscale Ethereum Trust is down 72% from its June high, and looks like it’s headed back to its March low. If the Grayscale Bitcoin Trust also revisits its March low, that’s a 48% drop from here. The chart pattern doesn’t look good for the trust. Drop #Bitcoin and buy #gold.

  • From TrustlessState:

    Almost everything is at ATH’s on Ethereum 📈~Assets~
    Stablecoins – $8B
    Value in DeFi – $2.2B
    DAI – $186M
    BTC – $135M
    Tokenized Real Estate – $2.1M~Network~
    Avg Daily Network Fees – $0.7M
    Weekly DEX Volume – $500M
    DeFi Users – 250k⟠⟠How long until ETH joins the party?⟠⟠

  • From sentosumosaba:

    Big Love for Mona Coin in Japan, the cat meme – quite comparable to #DOGE coin. Crypto assets for physical transactions in March became available. Look at Mona coin vs ETH! Monacoin (#MONA) 359.6 Billion yen
    Ethereum (#ETH) 26.89 Billion yen
    (Toto, we’re not in Kansas anymore)

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

TrustSwap | Trusted transactions on the Ethereum Blockchain

TrustSwap for the entire crypto market TrustSwap’s system will allow ANY token on ANY blockchain to integrate with the TrustSwap ecosystem, and beyond, by providing a “wrapping” service which converts any token into an ERC20 at a 1:1 ratio….SERVICES
The Site allows you to participate in the token sale and use other services available on the Site (hereinafter the “Service”)….The Company makes these links available to you for providing the functionality or Services on the Site….We need certain personal data in order to provide you with access to the Site, provide our services (as defined in our Terms and Conditions), or enter into the Token Sale Agreement….The Company undertakes a sale (hereinafter the “Sale”) of the TrustSwap token or SWAP (hereinafter the “Token”)….By acquiring Token you agree that the Company shall not be required to give you a refund, account reset or other access to Token and the Company shall not be liable to you for any damage or loss in the context of your inability to access Token.