Ethereum (ETH) Down $0.74 in Last 4 Hours, Started Today Down 0.71%; in an Uptrend Over Past 30 Days

By May 6, 2020Ethereum
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Ethereum 4 Hour Price Update

Updated May 06, 2020 05:35 AM GMT (01:35 AM EST)

Ethereum is down 0.36% ($0.74) since the last 4 hour candle, marking a reversal from the candle prior — and the end of a 3 four-hour candle positive run. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Ethereum Daily Price Recap

Ethereum is down 0.71% ($1.46) since the previous day, marking the 3rd day in a row a decline has happened. The price move occurred on volume that was down 38.1% from the day prior, but up 24.21% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 4th since the previous day in terms of percentage price change. The daily price chart of Ethereum below illustrates.

Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 17 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From CyPhlux:

    Remember when the top 3 tokens were #btc #Ethereum #LTC ? What ever happened to LTC? The media and everything mainstream had the hots for all three.. Now the new 3rd asset isn’t even talked about. Infact its skipped over… Its like there’s an elephant in the room made of glass..

  • From TrustlessState:

    The only way and “Ethereum Killer” could actually kill Ethereum is by building a better ETH 2, and then using the ETH 1 state for account balances at Genesis. Which would mean no new tokens for VCs, which would invalidate the whole motivation behind the Ethereum killer anyways

  • From TheCryptHawk:

    We always talk about the starlets aka #Ethereum – While these guys are bragging around concerning sharding (nobody knew about it before), @zilliqa has been working on it since a long time and is already running nodes! Don’t get fooled, stop following paid articles! #Zilliqa $ZIL

In terms of news links for Ethereum here’s one to try:

In brief: Majority of the stablecoins in the crypto-verse run on the Ethereum (ETH) network….It is with the above brief history of stablecoins in the crypto-verse that James Wo replied, via Twitter, to a question as to when the ETC network will support a stablecoin….What might result from the launch of a stablecoin on the ETC network, is that more projects will migrate over and boost the Ethereum Classic ecosystem.

Updated May 06, 2020 05:35 AM GMT (01:35 AM EST)

Ethereum is down 0.36% ($0.74) since the last 4 hour candle, marking a reversal […]

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