Ethereum (ETH) Up $10.03 On 4 Hour Chart, Underperforms All Top Cryptos to Start the Day; Breaks Below 100 Day Average

Ethereum 4 Hour Price Update

Updated September 24, 2020 11:19 AM GMT (07:19 AM EST)

Ethereum is up 3.06% ($10.03) since the last 4 hour candle, marking the 3rd candle in a row an upward move has occurred. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.

Ethereum Daily Price Recap

The back and forth price flow continues for Ethereum, which started today off at 320.19 US dollars, down 6.99% ($24.06) from the previous day. As for how volume fared, yesterday’s volume was up 23.15% from the previous day (Tuesday), and up 26.95% from Wednesday of 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. The daily price chart of Ethereum below illustrates.

Ethereum Technical Analysis

Notably, Ethereum crossed below its 100 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 18 them.