Ethereum 4 Hour Price Update
Updated July 26, 2020 01:36 AM GMT (09:36 PM EST)
Ethereum is up 2.39% ($7.11) since the previous 4 hours, marking the 3rd candle in a row it has gone up. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.
Ethereum Daily Price Recap
Ethereum came into today up 9.32% ($26.07) from the open of the day prior, marking the 5th day in a row an upward move has occurred. As for how volume fared, yesterday’s volume was up 27.92% from the previous day (Friday), and up 610.33% from Saturday of the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the day in terms of price change relative to the day prior. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
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 up 9 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From iamDCinvestor:
People misunderstand why high fees are bullish for #Ethereum:It’s not the fees themselves. Devs will do whatever they can to reduce them via L1 and L2 scaling (though fees may rise again).It’s the fact that the users are willing to pay them to use Ethereum in the first place.
- From AxieAur:
I think ETH is going to climb to $10,000 in three yearsSay you have 100 @ethereum. That’s currently worth $28000 dollars..You start staking and make 5% passive income. That’s 5 ETH in the first year. That’s 5.25 ETH in year two. That’s 5.5 ETH in year three. read on…
- From AlexMasmej:
It’s my bday today!!! ⚡️⚡️⚡️😍🔥The past year has been the best time of my life! (my entry in the Ethereum ecosystem is 30th July 2019)sooo much more to do, the best is yet to comeCouldn’t be more grateful to anyone I met on here(when I get 30+ 👉 longevity investing ftw)
As for a news story related to Ethereum getting some buzz:
The Cyber Republic ETH Task Force will deploy an ELA/USD decentralized price feed using Chainlink’s Price Reference Data framework as the basis for collateralization checks on users’ Collateralized Debt Positions (CDPs), thereby ensuring full stablecoin collateralization….Chainlink’s Price Reference Data model is designed for building decentralized oracle networks, and has been proven to provide users with reliable service and industry-leading security…. Beyond Elastos’ stablecoin, developers can use Chainlink Price Reference Data feeds to launch additional DeFi products on Elastos for lending and borrowing, synthetic assets, asset management, tokenization, and much more.