Ethereum (ETH) Up $0.88 On 4 Hour Chart, Tops All Top Cryptos to Start the Day; Started Today Up 3.01%

Ethereum 4 Hour Price Update

Updated May 17, 2020 03:18 AM GMT (11:18 PM EST)

Ethereum came into the current 4 hour candle up 0.44% ($0.88) from the open of the previous 4 hours, marking the 2nd candle in a row an upward move has occurred. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during the previous 4 hours.

Ethereum Daily Price Recap

Ethereum entered today at 200.51 in US dollars, up 3.01% ($5.86) from the day prior. This move happened on lower volume, as yesterday’s volume was down 33.2% from the day before — and down 11.5% from the same day the week before. On a relative basis, the day prior was pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂 The daily price chart of Ethereum below illustrates.

Ethereum Technical Analysis

Coming into today the current price of Ethereum is sitting close to its 20 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. 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 VitalikButerin:

    If I were designing a new chain to live alongside bitcoin and ethereum, I would take *all* the political tradeoffs that BTC and ETH aren’t willing to take.* On-chain gov w QV
    * On-chain oracles for not just prices but arbitrary events
    * All the built-in cryptographic operations

  • From ah_laylah:

    Guys I know I said ethereum smart contract is the future (which it is no doubt ), but you should try FORSAGE. It’s the new ethereum smart contract block chain matrix project and the good thing about it is whether you get referrals or not, YOU EARN EITHER WAY😃😃
    THAT’S THE FUTURE

  • From ah_laylah:

    Are you interested in Forsage Smart Contract or you’re already into million money ethereum and you want to increase your earnings, Or you just want to know what Forsage or Crypto currency as a whole is all about?
    Follow this link to join my WhatsApp group 👇👇👇…….

As for a news story related to Ethereum getting some buzz:

Announcing the Devfolio Ethereum India Fellowship

From ML/AI to the cutting edge of web development these developers are equipped with the latest tools and frameworks in their arsenal and are looking forward to taking on the challenge of building a better world through tech….We are glad to have the leading minds in the community join in, to mentor the first fellowship cohort personally to fill in the gaps that other learning channels leave behind.