Ethereum Price Recap

Ethereum is down 1.96% since yesterday, marking day in a row it has gone down. The price move occurred on volume that was down 50.93% from the day prior, but up 51.66% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the day in terms of day-over-day price change. The price chart of Ethereum below illustrates.

Ethereum Technical Analysis

Coming into today the current price of Ethereum is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for Ethereum has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 day timeframe. Or to simplify this another way, note that out of the past 10 days Ethereum’s price has gone up 5 them.

Overheard on Twitter

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

From 0xstark :

In 2019, total fees paid to use:$1,200,000 (@UniswapExchange – liquidity provider fees)

$412,000 (Litecoin)

$179,000 (Ripple)

$70,000 (Monero)

$61,000 (Bitcoin Cash)

$30,000 (Zcash)

$9,341 (Cardano)

$2,982 (Ethereum Classic)(data: coinmetrics)

: From teo_leibowitz :

strange to me that we’ve yet to see an ethereum-based silk road alternative emerge. all necessary infra exists:-DAI (vs. BTC vol)

-smart contract escrow (no exit scam)

-eth.links (uncensorable UI)

-mixers (wash earnings)imagine it’d be 1st mainstream breakout crypto app

: From sassal0x:

What are the most important things that the Ethereum community/ecosystem should focus on in 2020?

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