Ethereum 4 Hour Price Update
Updated June 08, 2020 07:20 AM GMT (03:20 AM EST)
Ethereum is down 0.13% ($0.31) since the previous 4 hours, marking the 2nd candle in a row it has gone down. Those trading within the Top Cryptos asset class should know that Ethereum was the worst performer in the class during the previous 4 hours.
Ethereum Daily Price Recap
Ethereum came into today up 1.1% ($2.67) from the open of the previous day, marking the 2nd day in a row an upward move has occurred. The price move occurred on volume that was up 82.08% from the day prior, but down 5.45% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! Below is a daily price chart of Ethereum.
Ethereum Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 9 out of the past 14 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 MeliDooshima:
Airdrop update!Due to the high fees on the Ethereum network, sending airdrop is x10 of the original cost. We apologize to all airdrop participants for the delays.Airdrop will be distributed when the fee goes down a bit.Thank you all.@cctip_io airdrop 300 REMI 200
- From CryptoDonald_:
People will be taken completely off guard by the coming rise of $QNT.They will regret not doing their research and can’t believe they didn’t see it coming when it was so obvious.This will be an Ethereum type of run, and fact is, even at $100+, it’s still a great buy!
- From bradmillscan:
You acquire $100 million USDT on Ethereum.According to my calculations, it only costs $450k to do a 51% attack on Eth for a deep 3 hour re-org. That’s plenty of time to buy/withdraw BTC with your $100M USDT, then double spend & get the $100M USDT back.Why is this not done?
For a longer news piece related to ETH that’s been generating discussion, check out:
Ethereum-Focused Hackathon Event Offers a Sneak Peek Into a DeFi Future | NewsBTC
Aave enables users to deposit cryptocurrencies to the platform and earn yearly interest on their funds….The hack utilized several features to enable users to get the best yield by swapping their cryptocurrencies for aTokens, Aave’s native cryptocurrency….All of the staked DAI accrues interest for the user via Aave until the event occurs and the outcome is known.