Ethereum (ETH) Down $0.4 Over Past 4 Hours, Entered Today Up For the 2nd Day In A Row; Breaks Above 100 Day Average

Ethereum 4 Hour Price Update

Updated May 14, 2020 11:18 PM GMT (07:18 PM EST)

Ethereum’s 4 four-hour candle positive streak has officially concluded, as the candle from the previous 4 hours closed down 0.2% ($0.4). Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.

Ethereum Daily Price Recap

Ethereum is up 5.24% ($9.95) since the day prior, marking the 2nd day in a row it has gone up. The price move occurred on volume that was up 18.49% from the day prior, but down 17.9% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the day in terms of price change relative to the day prior. The daily price chart of Ethereum below illustrates.

Ethereum Technical Analysis

Notably, Ethereum crossed above its 100 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Ethereum’s price has gone up 16 of the previous 30 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From The_Crypto_Jew:

    I have a feeling that $ZIL #Zilliqa is going to explode in a similar to way to how #Ethereum did in 2016Everytime that we think it’s going to pull back and take a break it’ll do the exact opposite, and it’ll hit levels that no one had imagined.Glad I got a bag! $alts $BTC

  • From TrustlessState:

    It’s pretty clear that there is a coming NFT mania on Ethereum. The best part is, the only way to pump an NFT is by driving real value to it, making it the exact opposite incentives of the ICO mania.

  • From iamDCinvestor:

    Bitcoiners allowed Blockstream to co-opt Bitcoin dev & now watch them pump a federated side-chain which they position as a complement (read competitor) to Lightning Network, with a bunch of crappy apps less useful / decentralized than similar apps on Ethereum.Hiliarious. 😂

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

Reddit jumps into Loot Tokens with new cryptocurrency on Ethereum

Reddit launched two new types of loot token (a token on the Ethereum blockchain that is earnable within a community rather than purchased) in their /r/Cryptocurrency and /r/FortniteBR subreddits, and in turn signaled their plan to pivot the company’s monetization more towards crypto….By definition the Community Points Program issues a type of loot token on the Ethereum blockchain, which means you can both earn it in the community, and redeem it in the community.