Ethereum 4 Hour Price Update

Updated June 21, 2020 01:36 AM GMT (09:36 PM EST)

Ethereum is up 0.89% ($2.01) since the previous 4 hours, marking the 2nd candle in a row it has gone up. 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 end of a 3 day negative run has come for Ethereum, which finished the day prior up 0.08% ($0.18). This move happened on lower volume, as yesterday’s volume was down 37.44% from the day before — and down 8.32% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 4th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Ethereum.

Ethereum Technical Analysis

Coming into today Ethereum is now close to its 20 and 50 day averages, located at 238.29 and 219.71 respectively, and thus may be at a key juncture along those timeframes. Volatility for Ethereum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Ethereum’s price has gone up 16 of the previous 30 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Over on Twitter, here were the top tweets about Ethereum:

  • From etherchain_org:

    The #Ethereum miners are voting to increase the Block Gas Limit from 10,000,000 to 12,500,000. ⛏️In theory, this means that the Ethereum network now has the capabilities to handle ~44 transactions per second, instead of ~35. Another huge milestone for the community.🥳🎉

  • From iamDCinvestor:

    2018/2019 – Lightning Network is here & it’s going to scale Bitcoin and kill Ethereum! ⚡️2020 – Tokenized BTC on Ethereum is here & it’s going to take over Ethereum & DeFi! 🐴2021 – Eh, think I’ll just use ETH as the most decentralized & liquid collateral on Ethereum. 😎

  • From MoonOverlord:

    “Our special boy finally got a job and gave up those silly internet coins, tell everyone what you do honey”I’m a farmer now“Oh cool how many acres, where’s it at?”Well.. it isn’t a real farm.. it’s virtual“Oh no..”First you put Ethereum in as collateral*audible groan*

For a longer news piece related to ETH that’s been generating discussion, check out:

Deloitte: VeChain safer and more scalable than Ethereum (ETH)

For Deloitte VeChain is the platform that has more scalability and security than Ethereum, but less decentralization….VeChain is positioned to be one of the dominant platforms in these three use cases because of its high security and scalability, as Deloitte sates.

(Excerpt) Read more Here | 2020-06-20 18:55:17
Image credit: source

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