Ethereum (ETH) Up $0.56 in Last 4 Hours, Outperforms All Top Cryptos to Start the Day; Started Today Up 1.18%

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Ethereum 4 Hour Price Update

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

Ethereum closed the last 4 hour candle up 0.13% ($0.56); this denotes the 4th consecutive candle an increase has occurred. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.

Ethereum Daily Price Recap

Ethereum closed the day prior up 1.18% ($5.06); this denotes the 4th straight day an upward move has occurred. The price move occurred on volume that was up 4.22% from the day prior, but down 32.16% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the day prior. Here is a daily price chart of Ethereum.

ETH

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 14 days Ethereum’s price has gone up 8 them.

Overheard on Twitter

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

  • From scottmelker:

    $ETH should continue to rise.$YFI (Yearn Finance) is allowing investors to stake their Ethereum in vaults and earn yield. The more people that do this, the more the supply of Ethereum is reduced and the more demand is created. This is as simple as it gets.

  • From iamDCinvestor:

    No matter what you think about $YFI, it’ll bring tremendous attention to #Ethereum as a whole.Really, it already is. Yes, because of token price.But once they learn what Yearn can do, and how it connects value across myriad DeFi apps, it’s going to blow uninitiated minds.

  • From ljxie:

    I’m excited about the fair launches in Ethereum. We’ll continue to see many more of them become successful. We’ll also continue to see founders raise from VCs but likely the trend being much smaller rounds to get to launch with lower caps per investor which IMO is a good thing!

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

Hackers Launch Third 51% Attack on Ethereum Classic This Month – Decrypt

What is a 51% attack?   Hackers conduct a 51% attack to take over the blockchain….And after the previous two attacks earlier this month, OKEx said that it would “consider delisting ETC, pending the results of the Ethereum Classic community’s work to improve the security of its chain.” This is because OKEx bore the brunt of the first attacks, and “suffered a loss of approximately $5.6 million in ETC,” according to a statement of August 15.  “The loss was fully borne by OKEx, according to its user-protection policy, and did not cause any loss to the platform’s users.