Ethereum (ETH) Up $3.17 Over Past 4 Hours, Started Today Down 0.68%; in a Downtrend Over Past 14 Days

By June 18, 2020Ethereum
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Ethereum 4 Hour Price Update

Updated June 18, 2020 01:35 AM GMT (09:35 PM EST)

Ethereum is up 1.38% ($3.17) since the previous 4 hours, marking a reversal from the candle prior — and the end of a 3 four-hour candle negative run. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.

Ethereum Daily Price Recap

233.76 (USD) was the opening price of the day for Ethereum, resulting in the previous day being one in which price moved down 0.68% ($1.59) from the previous day. The price move occurred on volume that was up 12.24% from the day prior, but down 11.72% 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 price change relative to the previous day. The daily price chart of Ethereum below illustrates.

Ethereum Technical Analysis

Coming into today the current price of Ethereum is sitting close to its 20 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 been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. For another vantage point, consider that Ethereum’s price has gone up 15 of the previous 30 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

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 iamDCinvestor:

    Prediction: The new phenomenon of liquidity mining, as we’ve seen from $COMP, will lead to MASSIVE value lockups on Ethereum, perhaps even dwarfing what we saw during the ICO craze.Users will lock up value to help platforms work or be more secure, and earn rewards for doing so.

  • From ColinTCrypto:

    To those wondering how #EOS will fare in light of #Ethereum 2.0:EOS has a several YEAR lead in technology.ETH still has YEARS to complete its full 2.0 rollout.EOS does it todayAt the end of the day, these competing cryptos are an experiment, but I see EOS having its niche

  • From skys33r:

    (1/5)Thread about @thorchain_org $RUNE.First lets compare Uni VS KNC. Kyber collected 50 mln$ in its ICO in 2017. Uniswap launched in the end of 2018 relying only on a 100k$ grant from Ethereum Foundation. And yet Uniswap constantly deals AT LEAST the same trade volume as Kyber

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

In that sense, Deloitte made a rating of the leading blockchain platforms and how they can retain their positions in 2020….For Deloitte VeChain is the platform that has more scalability and security than Ethereum, but less decentralization….VeChain is positioned to be one of the dominant platforms in these three use cases because of its high security and scalability, as Deloitte sates.

Updated June 18, 2020 01:35 AM GMT (09:35 PM EST)

Ethereum is up 1.38% ($3.17) since the previous 4 hours, marking a reversal from […]

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