Ethereum (ETH) Down $0.09 in Last 4 Hours, Underperforms All Top Cryptos to Start the Day; Entered Today Down 3.92%

Ethereum 4 Hour Price Update

Updated August 08, 2020 03:18 PM GMT (11:18 AM EST)

391.66 (USD) was the opening price of the four-hour candle for Ethereum, resulting in the previous 4 hours being one in which price moved down 0.02% ($0.09) from the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.

Ethereum Daily Price Recap

Ethereum is down 3.92% ($15.5) since the previous day, marking the 2nd day in a row a decrease has occurred. As for how volume fared, yesterday’s volume was up 59.66% from the previous day (Thursday), and up 13.99% from Friday of the week before. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during the previous day. The daily price chart of Ethereum below illustrates.

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.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From VitalikButerin:

    @Narodism @musalbas @MPtherealMVP @NickSzabo4 So you dislike the aesthetics of some people in the ethereum community (btw I’ve never done a burner party, LSD or a sex orgy) therefore ethereum has lost the plot? If I wanted to I could make similar caricatures about the whole “rah rah I’m manly because I eat steak” thing.

  • From ercwl:

    I follow a lot of Bitcoin accounts and a lot of Ethereum accounts. I’m noticing that currently Ethereum accounts are a bit “stronger” than Bitcoin accounts. More articulate, more well-versed with the other side’s arguments, better at making the other side seem less knowledgeable.

  • From worthalter:

    My @discord account was suspended this morning because I sent too many private messages to people that wanted their @poapxyz 🎖 to recall the @ethereum medalla testnet launch. Please help me making this visible to the discord support team so they know I’m no spammer 🙏🏻