Home Forex Ethereum (ETH) Down $0.21 On 4 Hour Chart, Started Today Up 6.23%; Breaks Above 20 Day Average

Ethereum (ETH) Down $0.21 On 4 Hour Chart, Started Today Up 6.23%; Breaks Above 20 Day Average

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Ethereum 4 Hour Price Update

Updated March 31, 2020 05:35 AM GMT (01:35 AM EST)

Ethereum is down 0.16% ($0.21) since the last 4 hour candle, marking the 2nd candle in a row it has gone down. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the last 4 hour candle in terms of percentage price change.

Ethereum Daily Price Recap

The end of a 3 day negative run has come for Ethereum, which finished yesterday up 6.23% ($7.76). The price move occurred on volume that was up 36.19% from the day prior, but down 53.82% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of price change relative to yesterday. Here is a daily price chart of Ethereum.

Ethereum Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Ethereum crossed above its 20 day moving average yesterday. 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Ethereum’s price has gone up 15 of the previous 30 trading days.

Overheard on Twitter

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

  • From IamCryptoWolf:

    I’m bullish on Bitcoin and even more bullish on Ethereum.

  • From vorot93:

    Do you use any of the following features of parity-ethereum?
    – Light client
    – Private transactions
    – Auto update#OpenEthereum team would like to hear your story.

  • From DexWars:

    24 Hour #Ethereum #DEX Volumes 30th March 2020 1200GMT1) @0xProject combined vol – $2,220,041
    2) @KyberNetwork – $2,081,422
    3) @UniswapExchange – $1,767,378
    4) @tokenlon (0x) – $1,343,526
    5) @OasisDex – $1,081,857
    6) @0xProject API – $816,152
    7) @idexio – $343,800

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

The future of DeFi: Ethereum Classic makes its case at ETHDenver – Decrypt

Summerwill, executive director of the public charity Ethereum Classic Cooperative, began his talk by getting one thing straight: “The truth is there’s always been two different Ethereums.” One vision was of Bitcoin with smart contracts….I was working at the [Ethereum] Foundation at the time,” Summerwill said.

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