Ethereum (ETH) Down $1.49 in Last 4 Hours, Started Today Up 5.21%; in an Uptrend Over Past 90 Days

Ethereum 4 Hour Price Update

Updated September 07, 2020 01:35 AM GMT (09:35 PM EST)

Ethereum entered the current 4 hour candle at $352.07, down 0.42% ($1.49) from the previous 4 hours. On a relative basis, the previous 4 hours were pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂

Ethereum Daily Price Recap

352.69 (USD) was the opening price of the day for Ethereum, resulting in the previous day being one in which price moved up 5.21% ($17.45) from the previous day. The change in price came along side change in volume that was down 37.3% from previous day, but up 86.97% from the Sunday of last week. On a relative basis, the previous day was pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂 Below is a daily price chart of Ethereum.

Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 17 out of the past 30 days.

Overheard on Twitter

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

  • From udiWertheimer:

    i feel bad for the shitcoin scammers of ~2012worked for months, pioneered mining algos, withstood attacks, then exit scammed for 5 figuresthese days you start a telegram channel, spam it with some emojis for 5 days, then exit scam for 7 figuresthis is the power of ethereum

  • From SBF_Alameda:

    13) Second, if he does so, the offer to build another copy of it on Serum — while keeping the current version on Ethereum–still stands.And in fact there’s more. Nomi sold 5mm SUSHI from the dev pool.If the above happen, I will personally return 5mm SUSHI to the community.

  • From BrendanBlumer:

    #Ethereum has resulted in slow, costly, high inflation chain, controlled by a 3 pool cartel that refuses to upgrade the scalability of the protocol, while taking billions per year in mining fees as well as $90 per transaction, and selectively reversing transactions (DAO vs DOT)

For a longer news piece related to ETH that’s been generating discussion, check out:

Ethereum devs discuss gas optimizations, but it will probably be too little too late

An Ethereum All Core Devs call was held on Friday to discuss a variety of Ethereum Improvement Proposals as gas fees on the network remain historically high….The remaining topics were less immediate in terms of gas price discussion.