Ethereum (ETH) Up $0.42 On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Crosses 50 Day Moving Average

Ethereum 4 Hour Price Update

Updated June 28, 2020 11:18 PM GMT (07:18 PM EST)

The back and forth price flow continues for Ethereum, which started the current 4 hour candle off at 224.61 US dollars, up 0.19% ($0.42) from the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Ethereum Daily Price Recap

Ethereum is down 3.77% ($8.65) since yesterday, marking the 5th day in a row a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 23.98% from the day prior, and up 125.24% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Ethereum ended up ranking 2nd for the day in terms of price change relative to yesterday. Below is a daily price chart of Ethereum.

Ethereum Technical Analysis

Notably, Ethereum crossed below its 50 day moving average yesterday. 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 additional context, note that price has gone down 8 out of the past 10 days.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From somemikesena:

    We just got approved for a grant by @IPFS and @ethereum to create a dag-jose library in javascript and go that standardizes the way objects are natively signed and encrypted in IPFS. Huge win for both ecosystems. Better together! @oedth @3boxdb @textileio

  • From FXLordIce:

    @binance #Ethereum is a “soft layer” #blockchain, just like “Internet” aka “www” was for other businesses & projects development. Therefore, #ETH price, must be cheaper and cheaper, to become… affordable (for those projects to evolve on its network/blockchain).Hope this helps.Ice.

  • From brandonlharris:

    Which☝️#cryptocurrency are you watching the most?🤔(Comment your answer if it’s not one of these poll choices)$10ETH 📊Poll + Giveaway💸
    I’m sending someone
    $10 worth of #Ethereum
    when this #cryptopoll finishes!
    👊😃For a chance to WIN…
    Drop your ETH Address 👇

In terms of news links for Ethereum here’s one to try:

Zilliqa mining with Ethereum Classic hardware: it is now possible

By Alfredo de Candia
– 19 Jun 2020
The team recently announced the possibility of mining Zilliqa (ZIL) with the hardware used to mine Ethereum Classic (ETC) in a very simplified way….So, in order to make sure that the choice of hardware does not eliminate the possibility of mining other cryptocurrencies, the team wanted to further develop and improve the mining of Ethereum Classic (ETC) machines and make them compatible for Zilliqa (ZIL) mining as well.