Ethereum 4 Hour Price Update
Updated June 06, 2020 01:36 AM GMT (09:36 PM EST)
The back and forth price flow continues for Ethereum, which started the current 4 hour candle off at 240.28 US dollars, down 0.73% ($1.77) from the previous 4 hours. 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 closed the day prior down 1.34% ($3.27); this denotes the 2nd day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 17.55% from the day before — and down 18.11% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 3rd since the day prior in terms of percentage price change. Below is a daily price chart of Ethereum.
Ethereum Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone up 7 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:
- From bsletten:
I am pleased to announce that I am going to be writing “WebAssembly : The Definitive Guide” for @OReillyMedia. It will cover the MVP, WASI, Blazor, C/C++, Rust and cool examples such as portable graphics libraries, the TensorFlow.js backend, the Ethereum VM, IPFS and more.
- From KyleMacLeanX:
No offense to all those small platforms out there, I wish you well. Buuuut, if I’m a developer with a Fortune 500 company, I’d probably just go with:$VET VeChain
$ADA Cardano
$ATOM Cosmos
$HBAR Hedera
$DOT Polkadot
$ETH Ethereum
$ICX Icon🤷♂️ just sayin’ - From BillyLuedtke:
Building a dApp on anything but #ethereum is like building a city on another planet…Sure, you might be able to do it, but… why? Who the f is gonna use it? Why not just build it on earth – the least-shitty planet, with all the resources and tools and humans you need?
As for a news story related to Ethereum getting some buzz:
Federal Reserve Endorses Ethereum-Backed Alternative To Libor
Senator Cotton asked if the Fed supports alternative benchmark interest rates besides the Secured Overnight Financing Rate (SOFR) – such as AMERIBOR – for the replacement of LIBOR….Is Ameribor appropriate to use for institutions for whom it more accurately represents their cost of funding?” Chairman Powell stated in his response that, “the Federal Reserve convened and supports the work of the Alternative Reference Rates Committee (ARRC) and views SOFR as a robust alternative that will help many market participants in the transition away from LIBOR….The Federal Reserve convened the Alternative Reference Rates Committee (ARRC) that created the Secured Overnight Financing Rate (SOFR) as an alternative to LIBOR.
