Ethereum (ETH) Up $4.59 Over Past 4 Hours, Outperforms All Top Cryptos to Start the Day; in an Uptrend Over Past 90 Days

Ethereum 4 Hour Price Update

Updated September 12, 2020 01:36 AM GMT (09:36 PM EST)

Ethereum entered the current 4 hour candle at $373.56, up 1.24% ($4.59) 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

Ethereum closed yesterday up 1.6% ($5.9); this denotes the 3rd consecutive day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 34.79% from the day before — and down 32.45% from the same day the week before. On a relative basis, yesterday 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

Coming into today the current price of Ethereum is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 14 and 30 day timeframes, 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. For another vantage point, consider that Ethereum’s price has gone up 18 of the previous 30 trading days.

Overheard on Twitter

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

  • From peter_szilagyi:

    Spent a couple of days playing with @Filecoin. Holy shit, I don’t envy you guys for the next 5 years. It’s insane in complexity compared to #Ethereum. Has amazing promise, but holy hell is it rough. I’m nonetheless rooting for you, it would be amazing if it takes off!

  • From QwQiao:

    Having played around with synthetic BTCs I’ve come to the conclusion that having BTC on Ethereum is incredibly bullish for BTC long term. It allows BTC to interact in a *highly programmatic* way as a reserve currency with other financial apps. It brings more liveliness to BTC.

  • From JamesSpediacci:

    *Uniswap finally makes using a DEX on Ethereum an enjoyable experience and a triumph for decentralization*SBF, Band CTO, CZ, and probably Justin Sun:
    “Let’s collude to destroy it and make a centralized version so we make more money hehehe”SBF fanboys: “he’s such a genius <3”

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

Acala Unveils Smart Contracts and Ethereum Compatibility for Polkadot DeFi | by Dan Reecer | Acala Network | Sep, 2020 | Medium

Kusama, similar to Polkadot, is a Layer-0 cross-chain infrastructure chain with a core Relay Chain that provides security and interoperability….Developers have the same options with Kusama as they do with Polkadot, with a few caveats: In the next sect we will explore different ways to deploy on Acala parachain….While Solidity and EVM-compatible contracts can be deployed and run on Substrate-based chains like Acala, much of the tooling is still being developed so that it’s compatible with existing development tools such as Truffle and Remix etc.