Ethereum (ETH) Up $9.6 On 4 Hour Chart, Came Into Today Up For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart

May 30, 2020 Editor Ethereum 0

Ethereum 4 Hour Price Update

Updated May 30, 2020 07:20 AM GMT (03:20 AM EST)

Ethereum came into the current 4 hour candle up 4.32% ($9.6) from the open of the previous 4 hours, marking the 5th candle in a row it has gone up. On a relative basis, the previous 4 hours were pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class 🙂

Ethereum Daily Price Recap

Ethereum is up 0.12% ($0.26) since yesterday, marking the 3rd day in a row it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 1.27% from the day prior, and up 10% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since yesterday. Here is a daily price chart of Ethereum.

Ethereum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Ethereum’s price has gone up 5 of the previous 10 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

Behold! Here are the top tweets related to Ethereum:

  • From wmougayar:

    So, let’s keep it simple. The value of @ethereum is not just derived from Ethereum itself. It’s more related to what’s “built on Ethereum”. When you look around, you will see that 95% of crypto-related innovations and activity has something to do with Ethereum.

  • From econoar:

    The VC chain lifecycle:💰 “We will kill Ethereum” >
    😍 “jk, we are friends” >
    😓 “you guys are so mean” >
    🤬 “lol, Ethereum is shit” >
    😕 “check out our mainnet” >
    ☠️ “where is everyone?”

  • From bneiluj:

    Hey @binance, it’s about $0.35 to send a Ethereum transaction at max speed <20s. But you charge $1.11 fees to send / withdraw a transaction. For 3.3x margin I would expect at least that transaction to shoot through the roof and not take 15min🙌

As for a news story related to Ethereum getting some buzz:

Coinbase is running an OMG airdrop for Ethereum holders – Decrypt

Coinbase says it will now provide OMG to all customers who have held Ethereum in their Coinbase accounts since the date of the original airdrop.  The news came to light on Twitter….Because you had ETH on Coinbase at the time of the original airdrop, you are receiving OMG.