Ethereum (ETH) Up $19.7 Over Past 4 Hours, Outperforms All Top Cryptos to Start the Day; Came Into Today Up For the 2nd Day In A Row

Fibo Quantum

Ethereum 4 Hour Price Update

Updated July 23, 2020 01:36 AM GMT (09:36 PM EST)

Ethereum came into the current 4 hour candle up 8.03% ($19.7) from the open of the last 4 hour candle, marking the 4th candle in a row an upward move has occurred. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle. Congrats to its holders!

Ethereum Daily Price Recap

Ethereum came into today up 7.5% ($18.45) from the open of yesterday, marking the 2nd day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 11.95% from the day prior, and up 85.82% from the same day the week before. On a relative basis, yesterday 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

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. 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

Behold! Here are the top tweets related to Ethereum:

  • From peter_szilagyi:

    Heads up, we are ripping out Whisper from the go-ethereum code base. Will move it into its own repo and archive it for posterity, add some links to current work done by @ethstatus. All in all SHH died a long time ago and there’s no point to tiptoe around it. #Ethereum

  • From CryptosBatman:

    The Ethereum 2.0 final testnet is set to go live on Aug 4th. If successful, we may see the launch of the Mainnet as early as Nov 4th.Already in June the testnets had over 20,000 validators which is a huge accomplishment.#Ethereum and #DeFi will spark the next bullrun! $ETH

  • From cathidepaz:

    @brian_armstrong Example of why we need #DeFi, as well as a solid backbone for this ecosystem. Ethereum simply has not been cutting it, and is vulnerable to a more agile competitor usurping it.Keep a close eye on @radixdlt. What they are building and releasing soon will change everything.

For a longer news piece related to ETH that’s been generating discussion, check out:

Introduction to Building on DeFi with Ethereum and USDC — Part 1 | by Coinbase | Jul, 2020 | The Coinbase Blog

That is the function we’ll be calling to get some USDC sent to our account….Read-only functions can be called without creating a transaction and therefore without a transaction fee, unless called as part of a read-write function….Look for gimmeSome again in the contract source code and you will find that the interface is the following: It is a really simple function that does not take in any arguments, and it is marked as external, which means that this function can only be called from outside, and not from other functions within this contract….Create a new file called getTestnetUSDC.js in the src folder and enter the following code: The code first instantiates a contract object (new ethers.Contract) with the interface of the function we are interested in, gimmeSome, and points it at the address of the testnet USDC contract: 0x68ec⋯69c4….Run the code, and now you will see USDC balance as well: Now let’s check out how we can spend ETH and USDC we have in our account….Create transferUSDC.js in the same folder and enter the following: Try it out, it should work just as well: In this tutorial, you’ve learned how to generate an account, query balance, transfer tokens, and call smart contract functions.