Ethereum 4 Hour Price Update
Updated June 04, 2020 03:19 AM GMT (11:19 PM EST)
Ethereum closed the previous 4 hours up 0.38% ($0.94); this denotes the 3rd candle in a row an upward move has occurred. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.
Ethereum Daily Price Recap
The choppiness in the recent daily price action of Ethereum continues; to start today, it came in at a price of 244.56 US dollars, up 2.84% ($6.75) since yesterday. The price move occurred on volume that was down 50.16% from the day prior, but up 22.21% 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 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 8 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Ethereum:
- From bobrasX:
Over the past 24 hours, more than 10,000 new users have signed up on CoinField. It reminds me of the good old days of 2017. I’m sure everyone loves to see $XRP back to $3.84, $BTC to $21K and $ETH to $1500 again. @CoinFieldEX @Ripple @ethereum @Bitcoin
- 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 MissVaylaNL:
Yes the airdrop is still going on, will probably take another day or two.
Thank the ethereum gas fee’s for that.👽Yes the new $VYA token is listed on @cctip_io Didn’t receive the new tokens yet? Wait patiently, it will come.🛸#VAYLAtoken
@cctip_io draw 500 VYA 200
As for a news story related to Ethereum getting some buzz:
Phase 1.5 is the integration of Ethereum mainnet into the new eth2 consensus mechanism as a shard (existing as one of the many shards created in Phase 1)….Is there anything useful we can do with all this data before the integration of Ethereum into eth2?…Eth2 is built for Ethereum and at this point, eth2 becomes Ethereum….Eth2 client teams have accomplished the Herculean task of managing the consensus of hundreds of thousands of validators so that we can safely and efficiently integrate many shards come Phase 1….On the other hand, an eth2 client is entirely consensus….For eth2, this is an important technical mechanism to ensure that nodes and validators can validate and secure the protocol without the burden of storing the full user state of each shard.