Ethereum (ETH) Up $1.55 in Last 4 Hours, Entered Today Up 7.04%; Crosses 200 Day Moving Average

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Ethereum 4 Hour Price Update

Updated April 23, 2020 05:38 AM GMT (01:38 AM EST)

Ethereum closed the last 4 hour candle up 0.85% ($1.55); this denotes the 2nd candle in a row an increase has occurred. On a relative basis, the last 4 hour candle were pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂

Ethereum Daily Price Recap

Ethereum came into today up 7.04% ($12.04) from the open of the previous day, marking the 2nd day in a row it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 22.27% from the day prior, and up 49.1% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the previous day. Let’s take a look at the daily price chart of Ethereum.

Ethereum Technical Analysis

Notably, Ethereum crossed above its 200 day moving average yesterday. 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 5 them.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:

  • From owocki:

    All of this was Built on Ethereum, during a bear market by @gitcoin which is funded by Consensys.It is your solemn duty next time someone is smack talking Ethereum or Consensys to show them this thread.TLDR – Public Goods are Good && Ethereum is where it’s at!/fin

  • From CryptoRocky:

    @BeerMug7 @SmartMen6 @VishalHKothari @maticnetwork @sandeepnailwal @_jdkanani @_anuragarjun @shutterbugsid @NirbhikJangid @chandresh1091 @SatoshiShane @LDA_Devin @nikodean2 @GbhoyDownUnder @Cryptomaniac82 @life_cool Why do you think it is “overbought” marketcap is 30mil. This is ridiculously small to be the leader in scaling for #Ethereum which is valued at 20 Billion. Almost 1000x Matic. Matic is pretty clearly undervalued to me.Backed by Coinbase, best Binance IEO in 2019 to this day.

  • From WeAreTellor:

    Hey Ethereum community, Tellor is looking for a frontend/react dev + UI/UX designer for a couple things we are working on. Please shoot me a DM if you might be interested!

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

Ethereum is the big winner of massive stablecoin growth as issuance hits record number

Now, a recently released report from a blockchain research platform is revealing that Ethereum has also been the big winner of the recent stablecoin boom, with the growth of these tokens built upon the platform allowing it to reach value transfer parity with Bitcoin….CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article.