Ethereum (ETH) Down $0.01 On 4 Hour Chart, Underperforms All Top Cryptos to Start the Day; Crosses 50 Day Moving Average – CFDTrading


Ethereum 4 Hour Price Update

Updated September 14, 2020 03:20 AM GMT (11:20 PM EST)

The back and forth price flow continues for Ethereum, which started the current 4 hour candle off at 366.29 US dollars, down 0% ($0.01) from the previous 4 hours. 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

The end of a 4 day positive run has come for Ethereum, which finished the previous day down 5.56% ($21.55). The price move occurred on volume that was up 42.91% from the day prior, but down 48.14% from the same day the week before. On a relative basis, Ethereum was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous day. The daily price chart of Ethereum below illustrates.

ETH

Ethereum Technical Analysis

Notably, Ethereum crossed below its 50 day moving average yesterday. 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. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 17 them.

Overheard on Twitter

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

  • From MagnusVollen:

    I will shill Ethereum all the way to $10k. Not because it is a ponzi waiting for you to join, but to keep you away from all the scams out there.

    Don’t go for the “get rich quick”. But buy $eth, agree?🥂________
    @cctip_io airdrop 0.0111111111 ETH 9999 $eth #bitcoin #ethereum

  • From spencernoon:

    As #DeFi continues its explosive growth, Bitcoiners are left with an impossible choice:1. Embrace $BTC on Ethereum but concede that $ETH will always be better #DeFi collateral- or -2. Don’t embrace $BTC on Ethereum and watch $ETH emerge as the best form of internet money

  • From AleksSvetski:

    #BitcoinersRight about- ICO are scams
    – Corona is a scamdemic
    – Altcoins = shitcoins
    – DeFi is Ponzi
    – Lockdowns are a disaster
    – Deterioration of social fabricSoon to be right about
    – #Ethereum = #Theranos
    – Fiat worthlessness
    – Citadels & mini sovereignties
    – $1 = 1sat

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

Is Chainlink the next Ethereum? – Asia Times

Asia Times
Covering geo-political news and current affairs across Asia Chainlink (LINK) has been going absolutely parabolic lately – shooting past $18 before falling down to $16.88 at the time of writing – and it is now the fifth-biggest crypto, according to CoinMarketCap….The number of LINK deposits into crypto exchanges reached an all-time high (ATH) of 8.2 million, the same day the token reached an ATH price of roughly $15….LINK holders may be moving their tokens to exchanges to take profits as the last time an ATH for this metric was recorded the price was at $4.51, the token’s highest at the time, Cointelegraph reported.





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