Ethereum (ETH) Up $0.07 in Last 4 Hours, 2 Day Up Streak Broken; in a Downtrend Over Past 30 Days

Ethereum 4 Hour Price Update

Updated March 26, 2020 05:35 AM GMT (01:35 AM EST)

Ethereum closed the last 4 hour candle up 0.05% ($0.07); this denotes the 2nd candle in a row it has gone up. 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 choppiness in the recent daily price action of Ethereum continues; to start today, it came in at a price of 136.28 US dollars, down 2.01% ($2.79) since the previous day. This move happened on lower volume, as yesterday’s volume was down 31.63% from the day before — and down 8.68% 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 the previous day. The daily price chart of Ethereum below illustrates.

Ethereum Technical Analysis

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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 15 out of the past 30 days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:

  • From TasitProject:

    🎉 We received funding from the @ethereum Foundation to work on our SDK for building native mobile dapps!!! 🎉

  • From LomahCrypto:

    50 IQ: Short Bitcoin200 IQ: Short Ethereum1000 IQ: Just don’t short on the first HTF bounce after a major nuke like the one from $8,000 to $3,600.

  • From DexWars:

    24 Hour #Ethereum #DEX Volumes 25th March 2020 1200GMT1) @0xProject combined vol – $3,590,317
    2) @UniswapExchange – $3,182,998
    3) @OasisDex – 2,790,350
    4) @KyberNetwork – $2,578,771
    5) @tokenlon (0x) – $1,867,251
    6) @0xProject API – $1,636,152
    7) @ddexio2018 – $664,512

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

Trillion-Dollar Stimulus Jumpstarts Project To Issue Central Bank Currency On Ethereum

A previously scheduled meeting at blockchain consortium Hyperledger, about a new project called eThaler using the ethereum blockchain to create a central bank digital currency (CBDC), took on new meaning, and urgency….Such a prominent mention of digital dollars in a House bill, in relation to the Federal Reserve, means that the largest economy in the world has officially entered what is an increasingly heated race between a number of advanced projects at central banks around the world to be the first to issue this new kind of currency….A group of professionals from consulting firms Accenture and InfoSys and the Itau Bank in Brazil, have been working on the open-source project in their free time for the past six months to explore the future of central bank currency issued on a blockchain….A slide presented at today’s meeting by Bharathan, who worked for 16 years at BNP Paribas before founding blockchain startup DLT.NYC, laid out how eThaler would work.  First and foremost, eThaler is being designed to be fungible, meaning regardless of what central bank might end up minting its currency using the technology, every token will have the same value as the underlying asset, regardless of whether the token had been previously used for some nefarious purpose….Specifically R3 says it is now working with the Swiss National Bank to explore a central bank digital currency for settlement; the Bank of Thailand for interbank settlement; Sweden’s Riksbank on a digital version of the Swedish krona; and the European Central Bank to explore CBDCs in Europe.

Crypto Destroyer

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