Ethereum 4 Hour Price Update

Updated July 13, 2020 03:20 AM GMT (11:20 PM EST)

The back and forth price flow continues for Ethereum, which started the current 4 hour candle off at 242.24 US dollars, down 0.17% ($0.42) from the previous 4 hours. 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 previous 4 hours.

Ethereums 3 day negative streak has officially concluded, as the candle from the day prior closed up 1.5% ($3.59). The price move occurred on stronger volume; specifically, yesterdays volume was up 73% from the day prior, and up 46.38% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the day prior. Congrats to its holders! Here is a daily price chart of Ethereum.

Notably, Ethereum is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Ethereums price has gone down 19 them.

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

@TylerDurden Ethereum staking is a marketing ploy to suck greedy ETHtard plebs into useless 2.0 and trap their ETH there forever while insiders, whales and Eth Foundation gang unload premine riches of ETH 1.0 without retail competition. Wicked clever, just like other ETH scams.

The difference between what some folks call .eth shills versus actual-token-shills is that we dont just love $ETH, we love Ethereum.We really use it everyday, and were hyper-aware of the panoply of apps emerging on it.Thats why we saw DeFi coming, well over a year ago.

When I joined Bitcoin in 2013, there was a great desire for decentralized applications over BTCSpeculation ran wild around the possibilities, predicting most of what exists todayDeFi was always an early dream of BitcoinNow this dream is being fully achieved over Ethereum

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

Simpler Ethereum sync: Major/minor state snapshots, blockchain files, receipt files Eth1.x Research Ethereum Research

It should be possible to organise the state database as an overlay, where actively modifiable state sits on top of the immutable snapshot file.Anytime we try to read anything from the state, we look up in the modifiable state, and if not found there, we look up in the snapshot file (that means that snapshot file needs to have an index in it).The second approach to syncing (from recent state snapshot) still requires executing at most 1m blocks.If it is too much to ask to run through at most 1m worth of blocks, we can introduce minor snapshots, or booster snapshots that would need to be downloaded on top of the most recent major snapshot.For example, if we make major snapshots every 1m blocks (~6 months), we could make minor snapshots every 100k blocks (~18 days).

Read the original here:

Ethereum (ETH) Up $1.72 Over Past 4 Hours, Fares the Worst Out of Top Cryptos to Start the Day; Entered Today Down For the 3rd Day In A Row -...