Ethereum 4 Hour Price Update
Updated June 03, 2020 03:20 AM GMT (11:20 PM EST)
The choppiness in the recent four-hour candle price action of Ethereum continues; to start the current 4 hour candle, it came in at a price of 235.63 US dollars, down 0.92% ($2.18) since the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Ethereum Daily Price Recap
The back and forth price flow continues for Ethereum, which started today off at 237.81 US dollars, down 4.19% ($10.4) from the day prior. As for how volume fared, yesterday’s volume was up 25.53% from the previous day (Monday), and up 127.3% from Tuesday of the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the day in terms of price change relative to the day prior. The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
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 10 days Ethereum’s price has gone up 6 them.
Overheard on Twitter
Behold! Here are the top tweets related to Ethereum:
- From Crypto_Guy_UK:
Since the start of May $ZIL has run from position 97 to 47 climbing 50 positions in one month.People are finding out that Zilliqa have solved a HUGE problem that even Ethereum can not. Infinite scaling and TX’s per second without compromising decentralization and security 🥳
- From zhusu:
If someone had told me in the middle of 2018 that USDT would first migrate to Ethereum, I would’ve said that makes a lot of sense. If you then told me that the 3rd most popular transport layer would become Tron instead of EOS, I would’ve chuckled heartily.
- From TrustlessState:
The events that have unfolded this weekend has given me newfound appreciation for privacy technology and self-sovereignty from the State, often spoused by @matt_odell and others.More clearly, I see the need of an Ethereum node to be able to run through Tor.
For a longer news piece related to ETH that’s been generating discussion, check out:
Scaling Ethereum With The OMG Network
Finally, the OMG Network accomplishes all of this with the security of Ethereum and at a fraction of the cost….Our mission is to enable fast and secure value transfer for the world through the OMG Network.
