Ethereum (ETH) Up $4.82 Over Past 4 Hours, Underperforms All Top Cryptos to Start the Day; Entered Today Down 9.88%


Ethereum 4 Hour Price Update

Updated March 17, 2020 05:35 AM GMT (12:35 AM EST)

Ethereum closed the last 4 hour candle up 4.33% ($4.82); this denotes the 2nd candle in a row an upward move has occurred. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Ethereum Daily Price Recap

The back and forth price flow continues for Ethereum, which starts today off at 111.32 US dollars, down 9.88% ($12.21) from the day prior. The price move occurred on volume that was up 74.29% from the day prior, but down 13.36% 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 day prior. The daily price chart of Ethereum below illustrates.

Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Ethereum’s price has gone down 16 of the previous 30 trading days.

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 _franzihei:

    I’m excited to share that I joined the amazing #solidity team at @ethereum today! ?? As most of you probably know I am not a developer. I will support the team with various non-dev tasks, especially focusing on communications, community engagement and other cool stuff!

  • From AxelWogel:

    What’s your outlook on sentiment heading into the halvening? $BTC $BTCUSD#bitcoin #ethereum #FreeCrypto
    @cctip_io airdrop 0.00025 ETH 125

  • From austingriffith:

    Where do Ethereum devs go to get/store ABIs? Etherscan API? Talking with @egalano, we really need a system to store them in IPFS and track them with IPNS. Any solutions or ideas? Anyone building this? Want to?

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

The Ethereum Classic Monetary Policy Explained

The eras are described as follows: The first 5,000,000 blocks were under the original monetary policy, which included block rewards for winning miners of 5 ETC per block, block rewards for uncle blocks of 4.375, and an incentive for block miners to include up to 2 uncle blocks of 0.15625….For example, on block 10,000,001, the new block reward will be 3.20 ETC, in the next era starting on block 15,000,001 it will be 2.56 ETC, and so on….The same discount will be applied to the incentive to include uncle blocks and uncle block rewards themselves, always with a maximum limit of 2 uncles per block….These blocks are called “uncle blocks”….For example, if in the first 100 blocks of ETC in era 1, there were 6 uncle blocks included and rewarded, that means the uncle block rate was 6%….The above also means that ETC issuance was higher because not only were regular block miners rewarded 5 x 100 = 500 ETC, but they were rewarded and additional 0.15625 x 6 = 0.9375 ETC for including 6 uncle blocks, and uncle block producers were rewarded 4.375 x 6 = 26.25 ETC.

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