Ethereum 4 Hour Price Update
Updated April 29, 2020 05:35 AM GMT (01:35 AM EST)
Ethereum closed the last 4 hour candle up 0.92% ($1.81); this denotes the 2nd candle in a row an upward move has occurred. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the last 4 hour candle in terms of percentage price change.
Ethereum Daily Price Recap
196.86 (USD) was the opening price of the day for Ethereum, resulting in the day prior being one in which price moved up 0.04% ($0.08) from the day prior. This move happened on lower volume, as yesterday’s volume was down 29.47% from the day before — and down 10.36% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Ethereum.
Ethereum Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Ethereum’s price has gone up 7 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From argentHQ:
We founded Argent to put the power of Ethereum into the hands of anyone with a phone.Now, after 2 years of building the world’s most simple & safe wallet, we’re a few weeks from our full public launch. Get ready for:🤑 One tap access to a LOT more DeFi Dapps🚀 No waitlist
- From erycskins:
who wants $50 ethereum? I’ll be picking a few people randomly who are active (like&retweet my tweets) <3gonna do one today and some randomly in the future without telling u so stay active 😀
- From sassal0x:
BTC has not been a very good store of value against ETH.At Ethereum’s ICO in 2014, 1 BTC would of gotten you 2000 ETH.Today, 1 BTC only gets you ~39.4 ETH.Few understand this.
As for a news story related to Ethereum getting some buzz:
ETH2 can be staked by the community on validator nodes which will lock up 32 ETH2 for staking….Ethereum 2.0 will migrate to proof of stake consensus, where validators that have 32 staked Ethereum validate transactions and states on the network….Analyst have predicted a greater demand for ETH once proof of stake is implemented due additional demand for ETH from staking and validator nodes, whist at the same time a reduced demand for GPUs as Ethereum mining will eventually be deprecated….Setting up an Ethereum Node (Validator)This guide has been adapted from the Prysm ‘Topaz’ Testnet Guide Göerli ETH is free to obtain and will be used to stake the 32 ETH required for the node….The 32 ETH staked for the Validator node is designed as an insurance that the validator node is operational and online at all times.